VKG Elektrivõrgud (VKG EV, former name: Narva Elektrivõrgud) is an electricity distribution company in
Estonia
Estonia, officially the Republic of Estonia, is a country in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the Baltic Sea across from Sweden, to the south by Latvia, and to the east by Ru ...
.
[
] VKG Elektrivõrgud is the second-largest power distribution company in Estonia, after Elektrilevi, a subsidiary of
Eesti Energia
Eesti Energia AS is a public limited energy company in Estonia with its headquarters in Tallinn. It is the world's biggest oil shale to energy company. The company was founded in 1939. As of 2014, it operates in Estonia, Latvia, Lithuania, Fi ...
.
[
]
History
The history of the company reaches back to 1952 when it was established as a unit of Eesti Energia.[
] 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.[
][
][
][
] In 2002–2003, the company was acquired by Sthenos Group and ECE European City Estates AG.[
] In July 2006, Narva Elektrivõrk became a subsidiary of Viru Keemia Grupp and was renamed VKG Elektrivõrgud.[
]
In January 2024, VKG Elektrivõrgud was acquired by BaltCap Infrastructure Fund II (BInF II).[
]
Operations
VKG Elektrivõrgud distributes and sells electricity, and also provides operational management services for company power systems.
The company's service area is in Ida-Viru County
Ida-Viru County ( or ; ) is one of the 15 counties of Estonia. It is the most northeastern part of the country. The county contains large deposits of oil shale the main mineral mined in Estonia. Oil shale is used in the production of shale oil ...
, including Narva
Narva is a municipality and city in Estonia. It is located in the Ida-Viru County, at the Extreme points of Estonia, eastern extreme point of Estonia, on the west bank of the Narva (river), Narva river which forms the Estonia–Russia border, E ...
, Narva-Jõesuu
Narva-Jõesuu is a seaside resort town in northeast Estonia. It is located by the Gulf of Finland of the Baltic Sea, on the west bank of the Narva River, which forms the Estonia–Russia international border.
Narva-Jõesuu marks the northea ...
, Sillamäe
Sillamäe (Estonian for 'Bridge Hill'; also known by the Germanised names of ''Sillamäggi'' or ''Sillamägi'') is a town in Ida-Viru County in the northeastern part of Estonia, on the southern coast of the Gulf of Finland. It has a population o ...
, Vaivara Parish
Vaivara Parish is a former municipality of Ida-Viru County in northern Estonia. It had a population of 1,800 (2008) and an area of 397.97 km². Vaivara Parish was abolished in 2017 and its territory became a part of Narva-Jõesuu
Narva ...
and Viivikonna district of Kohtla-Järve
Kohtla-Järve () is a city and Municipalities of Estonia, municipality in northeastern Estonia, founded in 1924 and incorporated as a town in 1946. The city is highly industrial, and is both a processor of oil shales and is a large producer of ...
. It has 35,000 customers and an annual sales of 262 GWh of electricity.[
]
See also
* Energy in Estonia
Energy in Estonia has heavily depended on fossil fuels. Finland and Estonia are two of the last countries in the world still burning peat.
Estonia has set a target of 100% of electricity production from renewable sources by 2030 and climate neut ...
References
Electric power companies of Estonia
Narva
Energy companies established in 1993
Estonian companies established in 1993
{{Estonia-company-stub