Company details

Company code:302648707
VAT identification number:LT100006256115
Head office:Elektrinės str. 21, 26108 Elektrėnai, Lithuania
Correspondence address:Laisvės pr. 10, LT-04215 Vilnius, Lithuania
Establishment date and register:28 August 2008, Lithuanian Register of Legal Entities
Bank account:LT40 7044 0600 0020 3369
Bank:AB SEB bankas
Shareholders:Ignitis grupė AB – 100%
Share capital:EUR 90 000 000,12

Contact information

AB "Ignitis gamyba"

Ignitis gamyba manages and develops strategic electricity generation capacities in Lithuania - Kruonis pumped storage hydroelectric power plant, Combined cycle unit and Reserve power plant in Elektrėnai complex, Kaunas hydropower plant (HPP) and Vilnius Power Plant-3.

The company helps to ensure reliability and security of the energy systems in the whole Baltic and Nordic region as well as contributes to a historical change – synchronization of the Baltic States with the Continental European grids in 2025.

Ignitis Group companies are fully committed to build a sustainable future. You can read more about the Group's sustainability activities in the 2023 Sustainability (Corporate Social Responsibility) Report, which is part of the Group's annual report.

Our purpose, strategy, priorities and targets

Performance 2024
AB „Ignitis gamyba“, EURm
Revenue

345.8

Expenses

(146.7)

Adjusted EBITDA

198.0

Net profit

155.7

Investments: 

28.2

Assets: 

656.6

Equity

355.9

Liabilities

300.7

Number of employees

405

Company details

Company code:302648707
VAT identification number:LT100006256115
Head office:Elektrinės str. 21, 26108 Elektrėnai, Lithuania
Correspondence address:Laisvės pr. 10, LT-04215 Vilnius, Lithuania
Establishment date and register:28 August 2008, Lithuanian Register of Legal Entities
Bank account:LT40 7044 0600 0020 3369
Bank:AB SEB bankas
Shareholders:Ignitis grupė AB – 100%
Share capital:EUR 90 000 000,12

Contact information

CEO

Asta Sungailienė

Asta Sungailienė

CEO

Asta Sungailienė has over 20 years of experience as a senior executive in various fields. She started her managerial career in Vilniaus Bankas, where she worked as a Venture Capital Manager...

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Management Board

Vidmantas Salietis

Vidmantas Salietis

Chair of the Board, shareholder representative

Vidmantas, who is a professional with 10+ years of experience in top-level positions in the energy sector, joined the Group in 2011...

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Edvardas Jatautas

Edvardas Jatautas

Board Member, independent

Edvardas Jatautas is Independent Supervisory Board Member of Ignitis Gamyba. He is also the owner and Board Member of UAB “Profectus novus”...

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Mantas Mikalajūnas

Mantas Mikalajūnas

Board Member, shareholder representative

Mantas Mikalajūnas has been serving as AB “Ignitis gamyba” Board Member since 14 February 2023. Mantas Mikalajūnas is also serving as Chief Regulatory Officer...

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Mindaugas Šeštokas

Mindaugas Šeštokas

Board Member, independent

Mindaugas Šeštokas is a professional with extensive experience in effective company management...

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Vilmantas Vitkauskas

Vilmantas Vitkauskas

Board Member, civil servant

Vilmantas Vitkauskas has more than 23 years’ experience working as a civil servant, in the Ministry of Defense and NATO Intelligence structures...

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Our purpose, strategy, priorities and targets​

Integrated business model​

Ignitis Group is a renewables-focused integrated utility, benefiting from the largest customer portfolio, energy storage facility and network in the Baltics. Ignitis Group is active in the Baltic states, Poland and Finland. We are leveraging our largest customer portfolio, energy storage facility, and network in the Baltics. We are utilising our integrated business model to maximise potential and:​

  • deliver 4–5 GW of installed green generation and green flexibility capacity by 2030;​

  • expand a resilient and efficient network that enables electrification;​

  • utilise and further expand our customer portfolio to enable the Green Capacities build-out;​

  • contribute to the security of the energy system.​​

AB “Ignitis gamyba“, a part of the Green Capacities and Reserve Capacities segments, plays a significant role in the integrated business model and strategy of Ignitis Group. The company's position within the Group’s structure is available here. More information about the integrated business model and strategic priorities of the company as well as targets by its business segments is available here.​

Our purpose and strategy​

Our purpose is to create a 100% green and secure energy ecosystem for current and future generations. ​

We are strengthening our contribution to Europe’s decarbonisation and energy security in the region while accelerating the energy transition and electrification in the Baltics and Poland. More information about the Group’s purpose and purpose-driven priorities is available here. ​

AB “Ignitis gamyba“ significantly contributes to the execution of the Group's strategy, is an integral part of the organisation and follows the Group’s strategy and stategic plan in its activities.​

Strategic priorities and targets of the company

  1. Green Capacities segment’s priorities are available here, Reserve Capacities segment’s priorities are available here. More information about its goals is provided in the integrated strategic plan of the Group.
  2. People. We are contributing to Ignitis Group’s purpose and strategic priorities by building a diverse team of energy smart people.
  3. Sustainability and ESG. As part of our strategy, we focus on reducing greenhouse gas emissions while following the science-based targets, promoting safety at work with a focus on TRIR and zero fatalities, taking care of the employee experience through initiatives related to well-being, education and growth, ensuring fair pay, promoting diversity and inclusion, encouraging diversity among top executives, and creating sustainable value through sustainable investments and returns.

Our values

We are a diverse team of energy smart people united by a common purpose. Our values (responsibility, partnership, openness, and growth) unite, motivate, and inspire us. They are available here.