76 Gustava Zemgala Ave., Riga Phone: (+371) 6711 44 70

“INTER RAO Latvia” announces results for 2016

The fifth year of operation on the Latvian electricity market for “INTER RAO Latvia” has demonstrated its ability to successfully participate in state and local government tenders and attracting new customers who have been reluctant to reduce the cost of electricity was expanded customer base.

Overall, 2016, the company has won twenty-four state and local authorities launched tenders, including long-term contracts were signed for three years with the limited liability company “Pauls Stradins Clinical University Hospital”, “Children`s Clinical University Hospital”, “Daugavpils Regional Hospital “, for two years with Viļakas novada dome, Priekules, Madonas, Jelgavas municipalities, Investment and Development Agency of Latvia (LIAA), and the company “Ludzas apskaimniekotājs”.

Despite the drop in turnover and sales volume reduction of 10%, the company entered 2016 with 74 thousand euro profit and maintained its position among the three Latvian electricity market leaders.

“INTER RAO Latvia” appreciates and is grateful to its customers in these five years have shown trust and loyalty to our company.