Latvenergo group's turnover last year was provisionally 1.566 billion euros
Latvenergo's provisional turnover for the previous year was 1.566 billion euros, representing an 8.1% decline from the previous year along with a significant drop in profits.
"Latvenergo" wants to reduce the share of profits paid in dividends
Latvenergo is seeking to lower its profit distribution in dividends to 35% by 2029, according to CEO Māris Čakste.
Latvenergo wants to reduce the share of profits paid in dividends to the state to 35%
Latvenergo aims to lower its dividend payout ratio to 35% in order to increase investments and development projects.
"Latvenergo" plans to build a reserve water bypass near the Pļaviņu hydropower plant
Latvenergo is set to construct a reserve water bypass at the Pļaviņu hydropower station to manage water levels during hydrological changes and enhance flood capacity.
Čakste: As electricity consumption rises, nuclear energy will become inevitable
Latvenergo's CEO predicts that by 2040, no country will be able to do without nuclear energy if current electricity consumption trends continue.
Last week, the average electricity price increased slightly in Latvia and Lithuania
The average electricity price in Latvia and Lithuania rose by 12% last week, reaching 215.59 euros per megawatt-hour.
It's better to postpone laundry washing Tuesday evening: very high electricity market price expected
On Tuesday, a very high electricity market price is expected in the Latvian region, with rates projected to peak at 0.7435 euros per kWh.