The nature of core activities of the Group is manufacture and rendering of services. The Company is the parent company of the Group. The Company generates and supplies heat to consumers (for the purposes of heating and hot water making) in the cities of Kaunas and Jurbarkas and in Kaunas district (Akademija town, Ežerėlis town, Domeikava village, Garliava town, Girionys village, Neveronys village, Raudondvaris village), (hereinafter referred to as Kaunas district).
Also, following provisions of the Law on Heat Sector, the Company supplies hot water (is engaged in hot domestic water supplier activities) from 1 May 2010 for consumers in the cities of Kaunas and Jurbarkas and Kaunas district (hereinafter the supplies of heat and hot domestic water without cold water are referred to as heat, with the exception of information provided in Tables 7 and 8 “Comparison of financial indicators of the Group and the Company of the year 2016 with the indicators of the years 2012–2015”), who chose the Company as a hot water supplier. As at 31 December 2016, the Company was a hot water supplier for 475 residential buildings in Kaunas and Kaunas district and 5 in Jurbarkas. Income from hot water supplies amounts to approximately 4.3 per cent of all of Company’s sales revenue.
In addition, the Company also maintains engineering structures (collectors – manifolds) and operates heat and electricity production facilities. The Group and the Company carries out a supervision of indoor heat and hot water supply systems, maintenance of heat unit equipment, repairs of heat units and other heating equipment, provides rental services premises under particular agreements. The Group and the Company are engaged in licensed activity in accordance with the licenses held. On 26 February 2004 the National Commission for Energy Control and Prices (hereinafter – NCC) issued a heat supplier licence to the Company. The licence is valid indefinitely. Maintenance of indoor heat and hot water supply systems is pursued following the provisions of Article 20 of The Law on Heat Sector of the Republic of Lithuania.
The vision of the Group and the Company is to be a modern, effective, competitive, and added value for shareholders creating group of companies engaged in heat and electric energy generation, supply of heat and hot water, maintenance of indoor heating and hot water supply systems and property lease.
Values of the Group and the Company:
Strategic goals of the Group and the Company:
Principled guidelines of Company’s heat economy strategy are as follows:
Company’s total energy generation capacities installed as at 31 December 2016 were 596 MW, whereof:
Energy is being generated in following facilities:
Fuel, used by the Company for heat and electricity production in the year 2016 was as follows:
Company’s main heat production facilites:
Petrašiūnai power-plant (total capacity – 295 MW (30 MW – capacities using biofuel, 265 MW – capacities using natural gas))
Inkaras boiler house (total capacity – 20 MW, fuel used – biofuel)
Šilkas boiler house (total capacity – 45 MW (22 MW – capacities using biofuel, 23 MW – capacities using natural gas))
Pergalė boiler house (total capacity – 40,25 MW, fuel used – natural gas)