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{{Short description|Company based in Estonia}}
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{{Use dmy dates|date=November 2020}}
{{Article for deletion/dated|page=VKG Elektrivõrgud|timestamp=20110707145615|year=2011|month=July|day=7|substed=yes|help=off}}

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{{copyedit|date=June 2011}}
{{Infobox company
{{Infobox company
| name = VKG Elektrivõrgud
| name = VKG Elektrivõrgud
| logo = [[File:VKG logo.svg|center|120px]]
| logo = VKG EV logo.png
| caption =
| caption =
| type = [[Privately held company|Private]] (subsidiary of [[Viru Keemia Grupp]])
| type = [[Privately held company|Private]]
| traded_as =
| traded_as =
| fate =
| fate =
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| location_country = [[Estonia]]
| location_country = [[Estonia]]
| locations =
| locations =
| area_served = Ida-Virumaa
| area_served = Narva, [[Narva-Jõesuu]], [[Sillamäe]]
| key_people = Märt Viileberg (CEO)<br/>Ahti Puur (Chairman)<ref name=bw/>
| key_people = Ivo Järvala (CEO)<ref name=BC/>
| industry = Utility
| industry = Utility
| products =
| products =
| services = Electricity distribution and retail
| services = Electricity distribution and retail
| revenue =
| revenue = 26.9 million {{euro}} (2022)
| operating_income =
| operating_income =
| net_income =
| net_income =
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| equity =
| equity =
| owner =
| owner =
| num_employees = 61
| num_employees = 34
| parent = [[Viru Keemia Grupp]]
| parent = BaltCap Infrastructure Fund II
| divisions =
| divisions =
| subsid =
| subsid =
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| intl =
| intl =
}}
}}
'''VKG Elektrivõrgud''' (VKG EV) is an electricity distribution company in [[Estonia]]. It is a subsidiary of [[Viru Keemia Grupp]].<ref name=bw/> VKG Elektrivõrgud is the second largest power distribution company in Estonia after [[Eesti Energia Jaotusvõrk]].<ref name=inspectorate/>
'''VKG Elektrivõrgud''' ('''VKG EV''', former name: '''Narva Elektrivõrgud''') is an electricity distribution company in [[Estonia]].<ref name=BC>
{{cite web
|url= https://www.baltcap.com/baltcap-acquired-the-second-largest-electricity-distribution-operator-in-estonia/
|title= BaltCap acquired the second largest electricity distribution operator in Estonia
|work= BaltCap
|access-date=2024-02-27}}
</ref> VKG Elektrivõrgud is the second-largest power distribution company in Estonia, after Elektrilevi, a subsidiary of [[Eesti Energia]].<ref name=inspectorate/>


==History==
== History ==
History of the company reaches back in 1952.<ref name=bw>
The history of the company reaches back to 1952 when it was established as a unit of Eesti Energia.<ref name=bw>
{{cite web
{{cite web
|url= http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=26749197
|url= http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=26749197
|archive-url= https://web.archive.org/web/20121014114316/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=26749197
|url-status= dead
|archive-date= 14 October 2012
|title= OU VKG Elektrivorgud
|title= OU VKG Elektrivorgud
|work= [[Bloomberg BusinessWeek]]
|work= [[Bloomberg BusinessWeek]]
|accessdate=2011-07-07}}
|access-date=2011-07-07}}
</ref> As a company, it was established on 1 January 1993 as Narva Elektrivõrk, a subsidiary of [[Eesti Energia]]. It was separated from Eesti Energia in 1997 and in 1998–1999 it was sold to Startekor, a company controlled by [[Cinergy Corporation]].<ref name=psiru>
</ref> 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]].<ref name=psiru>
{{cite web
{{cite web
|url= http://www.psiru.org/reports/9910-E-U-Prob.doc
|url= http://www.psiru.org/reports/9910-E-U-Prob.doc
|title= Electricity restructuring, privatisation and liberalisation: some international experiences
|title= Electricity restructuring, privatisation and liberalisation: some international experiences
|work= Public Services International Research Unit. [[University of Greenwich]]
|work = Public Services International Research Unit. [[University of Greenwich]]
| first = David | last = Hall
| first = David | last = Hall
|page = 13
|page = 13
|format = DOC
|format = DOC
| month = October | year = 1999
|date=October 1999
|accessdate=2011-07-07}}
|access-date=2011-07-07}}
</ref><ref name=eta050599>
</ref> In 2002–2003, the company was acquired by Sthenos Group and ECE European City Estates AG. In May 2006, Narva Elektrivõrk, became a subsidiary of Viru Keemia Grupp and was renamed VKG Elektrivõrgud.
{{cite news
|url= http://nl.newsbank.com/nl-search/we/Archives?p_product=NewsLibrary&p_multi=BBAB&d_place=BBAB&p_theme=newslibrary2&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0F99F7F72931A4B8&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM
|title= Contract signed to sell Narva power grid to US company
|agency = ETA
|date = 1999-05-05
|access-date=2011-07-07
|url-access= subscription
}}
</ref><ref name=ap180699>
{{cite news
|url= http://www.aripaev.ee/1482/free/summary.html
|title= Cinergy prefers private grids
|newspaper = [[Äripäev]]
|date = 1999-06-18
|access-date=2011-07-07}}
</ref><ref name=pm120406>
{{cite news
|url= http://wwx.postimees.ee/160706/esileht/majandus/197937.php
|title= Eesti Energia huvitub Narva Elektrivõrgust
|newspaper = [[Postimees]]
|first = Aivar | last = Reinap
| date = 2006-04-12
|access-date=2011-07-09
|language = et
|trans-title=Eesti Energia is interested in Narva Elektrivõrgud}}
</ref> In 2002–2003, the company was acquired by Sthenos Group and ECE European City Estates AG.<ref name=ec>
{{cite web
|url= http://www.ece.at/en/narva_en.htm
|title= Narva Elektrivõrk – Estonia
|publisher = ECE European City Estates AG
|year = 2003
|access-date=2011-07-07}}
</ref> In July 2006, Narva Elektrivõrk became a subsidiary of Viru Keemia Grupp and was renamed VKG Elektrivõrgud.<ref name=pm010706>
{{cite news
|url= http://www.rooma.postimees.ee/010706/esileht/majandus/207756.php
|title= Viru Keemia Grupp ostis Narva Elektrivõrgud
|newspaper = [[Postimees]]
|first = Aivar | last = Reinap
| date = 2006-07-01
|access-date=2011-07-09
|language = et
|trans-title=Viru Keemia Grupp bought Narva Elektrivõrgud}}
</ref><ref name=pm140706>
{{cite news
|url= http://www.postimees.ee/241206/esileht/majandus/209469.php
|title= VKG ja Narva Elektrivõrgu koondumisele anti roheline tuli
|newspaper = [[Postimees]]
|first = Peeter | last = Kuimet
| date = 2006-07-14
|access-date=2011-07-09
|language = et
|trans-title=Green light for the concentration of VKG and Narva Elektrivõrgud}}
</ref><ref name=ap030706>
{{cite news
|url= http://www.ap3.ee/?PublicationId=31503ED6-39D4-4163-9D98-74AA1E3959CE&code=3270/uud_uudidx_327006
|title= VKG ostis kaks Narva elektrifirmat
|newspaper = [[Äripäev]]
|date = 2006-07-03
|access-date=2011-07-09
|language = et
|trans-title=VKG bought two electric companies in Narva}}
</ref>
In January 2024, VKG Elektrivõrgud was acquired by BaltCap Infrastructure Fund II (BInF II).<ref name=BC/>


==Operations==
== Operations ==
VKG Elektrivõrgud distributes and sells electricity, and provides operational management services for company power systems. In addition, the company also provides the service of designing, building, repairing, using, checking and maintaining electrical installations through VKG Elektriehitus.
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]], including [[Narva]], [[Narva-Jõesuu]], [[Sillamäe]], [[Vaivara Parish]] and Viivikonna district of [[Kohtla-Järve]]. It has 35,000&nbsp;customers and an annual sales of 262&nbsp;GWh of electricity.<ref name=inspectorate>
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&nbsp;customers and an annual sales of 262&nbsp;GWh of electricity.<ref name=inspectorate>
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|title= Estonian Electricity and Gas Market Report
|title= Estonian Electricity and Gas Market Report
|location = Tallinn
|location = Tallinn
|format = PDF
|publisher= Energy Market Inspectorate
|publisher= Energy Market Inspectorate
|year =2007
|year =2007
|accessdate=2011-07-07}}
|access-date=2011-07-07}}
</ref>
</ref>


==References==
== See also ==
{{Portal|Estonia|Energy}}
* [[Energy in Estonia]]

== References ==
{{Reflist}}
{{Reflist}}


{{DEFAULTSORT:VKG Elektrivorgud}}
1. [http://www.openthesis.org/documents/Energy-Planning-Models-Analysis-Their-596678-s2.html Energy Planning Models Analysis and Their Adaptability for Estonian Energy Sector]
[[Category:Electric power companies of Estonia]]
[[Category:Narva]]
[[Category:Energy companies established in 1993]]
[[Category:Estonian companies established in 1993]]


2. [http://www.nordicpm.eu/en/network-operator Estonian network operators]

3. [http://www.metering.com/portals/add_grup/articles/10984 Medium voltage communications - Reality or myth?]

4. [http://www.addgrup.com/newss-en/?page=40&desc=1&num=20 ADDAX IMS PILOT PROJECT IN ESTONIA]

5. [http://meterpedia.com/mwp/2009/10/23/implementation-by-vkg-elektrivorgud-ou-in-estonia/ Smart Metering Implementation by VKG Elektrivõrgud OÜ in Estonia]

6. [http://www.investinnarva.ee/main.php/mod/site/act/nav/id/57 Narva in Figures]

==External links==
*[http://www.vkgev.ee Official website]
{{Use dmy dates|date=June 2011}}

[[Category:Power companies of Estonia]]
[[Category:Narva]]


{{estonia-stub}}
{{Estonia-company-stub}}
{{energy-company-stub}}

Latest revision as of 15:51, 20 August 2024

VKG Elektrivõrgud
Company typePrivate
IndustryUtility
PredecessorNarva Elektrivõrgud
Founded1 January 1993 (1993-01-01)
Headquarters,
Area served
Narva, Narva-Jõesuu, Sillamäe
Key people
Ivo Järvala (CEO)[1]
ServicesElectricity distribution and retail
Revenue26.9 million (2022)
Number of employees
34
ParentBaltCap Infrastructure Fund II
Websitewww.vkgev.ee

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

History

[edit]

The history of the company reaches back to 1952 when it was established as a unit of Eesti Energia.[3] 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.[4][5][6][7] In 2002–2003, the company was acquired by Sthenos Group and ECE European City Estates AG.[8] In July 2006, Narva Elektrivõrk became a subsidiary of Viru Keemia Grupp and was renamed VKG Elektrivõrgud.[9][10][11] In January 2024, VKG Elektrivõrgud was acquired by BaltCap Infrastructure Fund II (BInF II).[1]

Operations

[edit]

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, 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 also

[edit]

References

[edit]
  1. ^ a b c "BaltCap acquired the second largest electricity distribution operator in Estonia". BaltCap. Retrieved 27 February 2024.
  2. ^ a b "Estonian Electricity and Gas Market Report". Tallinn: Energy Market Inspectorate. 2007. Retrieved 7 July 2011.
  3. ^ "OU VKG Elektrivorgud". Bloomberg BusinessWeek. Archived from the original on 14 October 2012. Retrieved 7 July 2011.
  4. ^ 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.
  5. ^ "Contract signed to sell Narva power grid to US company". ETA. 5 May 1999. Retrieved 7 July 2011.
  6. ^ "Cinergy prefers private grids". Äripäev. 18 June 1999. Retrieved 7 July 2011.
  7. ^ Reinap, Aivar (12 April 2006). "Eesti Energia huvitub Narva Elektrivõrgust" [Eesti Energia is interested in Narva Elektrivõrgud]. Postimees (in Estonian). Retrieved 9 July 2011.
  8. ^ "Narva Elektrivõrk – Estonia". ECE European City Estates AG. 2003. Retrieved 7 July 2011.
  9. ^ Reinap, Aivar (1 July 2006). "Viru Keemia Grupp ostis Narva Elektrivõrgud" [Viru Keemia Grupp bought Narva Elektrivõrgud]. Postimees (in Estonian). Retrieved 9 July 2011.
  10. ^ 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.
  11. ^ "VKG ostis kaks Narva elektrifirmat" [VKG bought two electric companies in Narva]. Äripäev (in Estonian). 3 July 2006. Retrieved 9 July 2011.