VKG Elektrivõrgud

VKG Elektrivõrgud (VKG EV, former name: Narva Elektrivõrgud) is an electricity distribution company in Estonia. It is a subsidiary of Viru Keemia Grupp.[1] VKG Elektrivõrgud is the second-largest power distribution company in Estonia, after Eesti Energia Jaotusvõrk.[2]

VKG Elektrivõrgud
TypePrivate (subsidiary of Viru Keemia Grupp)
IndustryUtility
PredecessorNarva Elektrivõrgud
Founded1 January 1993 (1993-01-01)
Headquarters,
Area served
Ida-Virumaa
Key people
Märt Viileberg (CEO)
Ahti Puur (Chairman)[1]
ServicesElectricity distribution and retail
Number of employees
61
ParentViru Keemia Grupp
Websitewww.vkgev.ee

HistoryEdit

The history of the company reaches back to 1952 when it was established as a unit of Eesti Energia.[1] It was established on 1 January 1993 as an independent company Narva Elektrivõrk, a subsidiary of Eesti Energia. Narva Elektrivõrk separated from Eesti Energia in 1997 and in 1998–1999 was sold to Startekor, a company controlled by Cinergy Corporation.[3][4][5][6] In 2002–2003, the company was acquired by Sthenos Group and ECE European City Estates AG.[7] In July 2006, Narva Elektrivõrk became a subsidiary of Viru Keemia Grupp and was renamed VKG Elektrivõrgud.[8][9][10]

OperationsEdit

VKG Elektrivõrgud distributes and sells electricity, and also provides operational management services for company power systems. Additionally, the company provides the service of designing, building, repairing, using, checking and maintaining electrical installations through VKG Elektriehitus.[citation needed]

The company's service area is in Ida-Viru County, including Narva, Narva-Jõesuu, Sillamäe, Vaivara Parish and Viivikonna district of Kohtla-Järve. It has 35,000 customers and an annual sales of 262 GWh of electricity.[2]

See alsoEdit

ReferencesEdit

  1. ^ a b c "OU VKG Elektrivorgud". Bloomberg BusinessWeek. Retrieved 7 July 2011.
  2. ^ a b "Estonian Electricity and Gas Market Report". Tallinn: Energy Market Inspectorate. 2007. Retrieved 7 July 2011.
  3. ^ Hall, David (October 1999). "Electricity restructuring, privatisation and liberalisation: some international experiences" (DOC). Public Services International Research Unit. University of Greenwich. p. 13. Retrieved 7 July 2011.
  4. ^ "Contract signed to sell Narva power grid to US company". ETA. 5 May 1999. (subscription required). Retrieved 7 July 2011.
  5. ^ "Cinergy prefers private grids". Äripäev. 18 June 1999. Retrieved 7 July 2011.
  6. ^ Reinap, Aivar (12 April 2006). "Eesti Energia huvitub Narva Elektrivõrgust" [Eesti Energia is interested in Narva Elektrivõrgud]. Postimees (in Estonian). Retrieved 9 July 2011.
  7. ^ "Narva Elektrivõrk – Estonia". ECE European City Estates AG. 2003. Retrieved 7 July 2011.
  8. ^ Reinap, Aivar (1 July 2006). "Viru Keemia Grupp ostis Narva Elektrivõrgud" [Viru Keemia Grupp bought Narva Elektrivõrgud]. Postimees (in Estonian). Retrieved 9 July 2011.
  9. ^ Kuimet, Peeter (14 July 2006). "VKG ja Narva Elektrivõrgu koondumisele anti roheline tuli" [Green light for the concentration of VKG and Narva Elektrivõrgud]. Postimees (in Estonian). Retrieved 9 July 2011.
  10. ^ "VKG ostis kaks Narva elektrifirmat" [VKG bought two electric companies in Narva]. Äripäev (in Estonian). 3 July 2006. Retrieved 9 July 2011.

External linksEdit