Company type | Private |
---|---|
Industry | Utility |
Predecessor | Narva Elektrivõrgud |
Founded | 1 January 1993 |
Headquarters | , |
Area served | Narva, Narva-Jõesuu, Sillamäe |
Key people | Ivo Järvala (CEO) [1] |
Services | Electricity distribution and retail |
Revenue | 26.9 million € (2022) |
Number of employees | 34 |
Parent | BaltCap Infrastructure Fund II |
Website |
www |
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]
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]
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]