AB "PANEVĖŽIO ENERGIJA" – Company Profile

AB "Panevėžio energija" is a Lithuanian district heating utility headquartered in Panevėžys, serving the city of Panevėžys and several surrounding municipalities in the Aukštaitija region. The company operates heat production facilities (including biomass and natural gas boiler houses), manages district heating networks, and provides regulated heat supply services to residential, commercial, and public sector customers. Its activities are overseen by Lithuania’s energy regulator (Valstybinė energetikos reguliavimo taryba, VERT).

Company Overview

Legal name: AB "Panevėžio energija"
Industry: Energy utilities (district heating, hot water supply; cogeneration in some facilities)
Founded: The utility’s origins trace back to mid-20th century municipal heat supply; reorganized into a joint-stock company (akcinė bendrovė) during Lithuania’s economic reforms in the 1990s. Exact legal reorganization date not verified.
Headquarters: Panevėžys, Lithuania

Legal Information

Įmonės kodas (Company code): Not publicly verified in this profile (consult Registrų centras / Rekvizitai.lt for the authoritative entry).
PVM kodas (VAT code): Not publicly verified in this profile (consult Registrų centras / Rekvizitai.lt).
Official website: Not confirmed here; the company operates an official website accessible via public search (verify current URL via Rekvizitai.lt or VERT listings).
Email address: Not publicly verified in this profile (check the company’s website or Rekvizitai.lt listing).
Registered office address: Panevėžys, Lithuania (full street address not verified in this profile).
Main telephone: Panevėžys area code is +370 45; exact number for AB "Panevėžio energija" not verified here.

Note: For authoritative legal and contact details (company code, VAT code, registered office, telephone, and official email/website), consult the State Enterprise Centre of Registers (Valstybės įmonė Registrų centras) database and Rekvizitai.lt.

Business Operations

Core services:
- Production and supply of district heat for space heating and domestic hot water.
- Operation, maintenance, and modernization of district heating networks (pipelines, pumping stations, substations).
- Customer connections, metering, and billing services; implementation of smart metering where available.
- In certain locations, cogeneration (CHP) or high-efficiency boiler houses using biomass and/or natural gas.

Business model: Regulated monopoly within its service territory. Tariffs are set and adjusted under Lithuanian regulation by VERT, ensuring cost-reflectivity, investment recovery, and service reliability. Revenue is primarily derived from heat sales to residential associations, commercial clients, and public institutions.

Service territory: Panevėžys city and selected surrounding municipalities in the Panevėžys region (Aukštaitija). Exact municipal coverage and town lists should be verified on the company’s official website and VERT documentation.

History

District heating in Panevėžys began during the Soviet era, with centralized heat generation and distribution managed by municipal entities. Following Lithuania’s independence, municipal heat assets were corporatized, and AB "Panevėžio energija" emerged as the operator of district heating infrastructure in Panevėžys and parts of the region. Key historical developments typically include:

- Reorganization into an akcinė bendrovė (AB) during the 1990s reforms.
- Expansion and consolidation of service areas across nearby towns, aligning heat supply under a regional operator.
- Post-2010 modernization programs focused on reducing network losses (insulation and pipeline replacements), upgrading substations, and implementing SCADA/remote monitoring.
- Fuel diversification with increased use of biomass (wood chips) to reduce dependence on imported natural gas and decrease CO₂ emissions; EU co-financed projects in the 2014–2020 period supported these transitions.
- Continuous tariff methodology evolution under VERT, introducing performance and investment-based assessments.

Financial Information

Revenue and financials: As a regulated utility, AB "Panevėžio energija" publishes annual financial statements and performance reports. Specific revenue figures are not included in this profile and should be retrieved from the company’s annual reports or Rekvizitai.lt.
Ownership structure: Regional district heating companies in Lithuania are commonly owned by municipalities. AB "Panevėžio energija" is generally described as municipally owned/controlled; the precise shareholding breakdown (Panevėžys city and other municipalities) should be confirmed via official disclosures.
Funding rounds: Not applicable in the venture capital sense; investments are largely funded through tariff-regulated cash flows, municipal decisions, bank financing, and EU structural funds for infrastructure modernization.

Leadership and Management

Key executives (vadovai):
- General Manager (Generalinis direktorius): Name not verified in this profile.
- Chief Engineer (Vyriausiasis inžinierius): Not verified.
- Finance Director (Finansų direktorius): Not verified.
- Head of Customer Service (Klientų aptarnavimo vadovas): Not verified.

Board of Directors (Valdyba): Names and positions not verified in this profile. For current board composition and governance disclosures, consult the company’s official publications or Rekvizitai.lt.

Office Locations

AB "Panevėžio energija" typically maintains a central office in Panevėžys and customer service points in other municipalities within its service territory (e.g., Pasvalys, Kupiškis, Rokiškis, and possibly additional towns). Exact addresses and phone numbers for each location are not verified in this profile and should be obtained from the company’s official website or customer notices.

Market Position

Competitors: In Lithuania, district heating is organized regionally; within Panevėžys service territory, AB "Panevėžio energija" operates as the regulated supplier. Comparable regional utilities include AB "Kauno energija," AB "Klaipėdos energija," AB "Šiaulių energija," and UAB "Vilniaus šilumos tinklai." Competition primarily exists across regions rather than within the same network.

Market share: As a regulated monopoly in its network area, AB "Panevėžio energija" holds effectively 100% share of centralized district heating within its coverage. Customers may reduce consumption via building renovation, energy efficiency, alternative heating, or individual systems; hence, market dynamics relate to heat demand trends rather than direct competitors within the network.

Competitive advantages:
- Established infrastructure and operational expertise in district heating.
- Ongoing network modernization that reduces heat losses and improves reliability.
- Biomass integration lowering fuel costs and carbon footprint.
- Regulatory framework that provides predictable returns on prudent investments.

Recent Developments

- Continued modernization of pipelines and substations under EU-funded energy efficiency programs.
- Increased share of biomass in heat production to meet sustainability and cost objectives.
- Introduction or expansion of remote metering, digital customer portals, and SCADA systems for operational efficiency.
- VERT tariff updates reflecting fuel cost changes, efficiency gains, and approved capital expenditures.

Note: For the most recent developments, consult company press releases and VERT decisions.

Contact Information

Registered office: Panevėžys, Lithuania (exact street address not verified in this profile).
Main phone: Not verified (Panevėžys area code: +370 45).
Email: Not verified; check the official website.
Customer service: Offices in Panevėžys and regional municipalities; locations and phone numbers should be confirmed on the company’s website or public notices.
Website: The company maintains an official website; verify the current URL via Rekvizitai.lt or a web search.

Sources and References

- Valstybinė energetikos reguliavimo taryba (VERT): https://www.vert.lt (for tariff decisions, regulatory oversight, and utility performance data).
- Registrų centras (State Enterprise Centre of Registers): https://www.registrucentras.lt (authoritative legal and registration details).
- Rekvizitai.lt listing for AB "Panevėžio energija": https://www.rekvizitai.lt (company code, VAT code, contacts, and financial snapshots).
- Company’s official website (URL to be verified; search “AB Panevėžio energija” to locate the current domain).
- EU structural funds and energy efficiency program portals (for project funding and modernization initiatives).

Data verification note: This profile consolidates publicly known sectoral information about Lithuanian district heating utilities and AB "Panevėžio energija" but does not include unverified specifics. For precise legal identifiers (įmonės kodas, PVM kodas), addresses, phone numbers, executive names, and latest financials, please consult the sources above.