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

“INTER RAO Latvia” announces results for 2017

Since April 2012, when INTER RAO Latvia started to market electricity to Latvian companies, over the course of six years, the total number of customers has exceeded eight hundred. Among them are both the largest Latvian manufacturing companies, the chain stores, as well as state and local government institutions.

In 2017 SIA INTER RAO Latvia won 30 national and municipal procurement tenders and started cooperation with more than 120 new clients.

In 2017 sales volume increased by 50% and total sales of over 330 GWh of electricity.

In spite of the rapidly introduced changes to the Electricity Tax Law, which significantly increased the company’s tax burden by an additional € 303 453, the company was able to provide its customers with price stability and concluded 2017 with € 86 thousand profit.