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 2025 Sustainability (Corporate Social Responsibility) Report, which is part of the Group's annual report.

Our purpose, strategy, priorities and targets

Performance 2025
AB „Ignitis gamyba“, EURm
Revenue

453.3

Expenses

(231.3)

Adjusted EBITDA

222.2

Net profit

170.0

Investments: 

61.9

Assets: 

735.3

Equity

369.8

Liabilities

365.5

Number of employees

433

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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Board

Mantas Mikalajūnas

Mantas Mikalajūnas

Chair of the Board, Group Head of Regulated Activities

Mantas Mikalajūnas has been a member of the Board of AB ‘Ignitis gamyba’ since 14 February 2023 and has served as Chair of the Board since 27 April 2026. Mantas Mikalajūnas is also serving as Chief Regulatory Officer...

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Edvardas Jatautas

Edvardas Jatautas

Board Member, independent

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

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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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Vytenis Koryzna

Vytenis Koryzna

Board member, Chief Commercial Officer

Vytenis Koryzna has more than ten years of experience in the area of renewable energy and strategic leadership, as well as in the development of business models...

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Executive Committee

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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Valivonis

Andrius Valivonis

Director of Finance and Administration

Andrius Valivonis, having 14 years of experience in the field of finance, of which 9 years in the energy sector, joined AB Ignitis Gamyba in 2013...

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Darius Kucinas

Darius Kucinas

Production Director

Since 1995 Darius Kucinas worked at the Kaunas Algirdas Brazauskas Hydroelectric Power Plant, initially as shift supervisor...

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Documents and reports

Remuneration

In accordance with applicable regulations and personal data protection principles, average salary data will not be disclosed if a company or a job category has only one employee.

Performance objectives for variable remuneration

Performance objectives applicable for the parent company’s CEO and members of the Management Board (and other managers according to the Remunaration policy) to support achievement of the Group’s annual targets.

Funds spent on publicity

Link to the report in VIRSIS 
Not all companies that are preparing/disseminating public information are registered in VIRSIS, therefore, the company will additionally provide information on the funds allocated for publishing its activities on its website. 

Our purpose, strategy, priorities and targets​

Integrated business model

Ignitis Group is a leading integrated energy group in the Baltic region. We lead the regional energy transition to strengthen competitiveness and support economic growth.

Ignitis Group is active in the Baltic states, Poland and Finland. Our integrated business model enables synergies and new business models, supported by our strong position in the Baltics - benefiting from the largest network, energy storage capacity, and customer portfolio in the Baltics. 

We are utilising our integrated business model to maximise value:

‒Developing and operating green generation and flexibility assets in line with market demand and system needs and progressing toward our 4–5 GW strategic goal

‒Building a resilient and efficient network that enables electrification

‒Contributing to the security of the energy system

‒Delivering value‑driven growth through outstanding customer experience

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% secure and green energy ecosystem for current and future generations. We lead the regional energy transition to strengthen competitiveness and support economic growth. By securing local, reliable energy, we strengthen regional competitiveness and economic growth, support household well‑being, enhance business competitiveness, and attract energy‑intensive industries. 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 is provided in the integrated strategic plan of the Group.

2. People and innovation. We are purpose-driven people who contribute to our strategic priorities. We innovate to create the future energy sector and bring new opportunities for our customers.

3. Sustainability. Decarbonisation that drives business value and ensures energy security: reducing carbon intensity under 2026–2029 targets while safeguarding reliable operation of the power system and balancing needs. We are strengthening regional competitiveness in the long term by reducing the carbon intensity of the grid. Our strategic priorities: decarbonisation, safety, employee experience, diversity, customer experience and sustainable value creation.

Our mindsets

We are a diverse team of energy smart people united by a common purpose. Four mindsets – simple yet powerful. United by purpose. Owning the challenge. Passion for reinvention. Pursuing excellence. Together, they yield the energy that drives everything we do. The energy generated by our choices. Our actions. Our unity.

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Anti‑corruption

The company follows the Ignitis Group Anti‑corruption policy, Group Code of Ethics and Conduct, and business ethics principles. We operate responsibly and transparently – we do not tolerate any form of corruption and promote fair business practices and open communication with stakeholders. We provide secure reporting channels through the Trust line, which enables anonymous and confidential reporting of potential misconduct by employees or business partners.

Anti‑corruption

Policies and codes