Company details

Company code: 303782367
VAT identification number:LT100009225717
Head office: Laisvės pr. 10, Vilnius
Correspondence address:Jočionių g. 13, LT-02300 Vilnius
Establishment date and register: 2015 m. vasario 26 d., Juridinių asmenų registras
Bank account:LT98 7300 0101 5080 5550
Bank: Swedbank, AB
Shareholders:AB „Ignitis grupė“ – 100%
Share capital:52 300 021 Eur

Contact information

UAB Vilniaus kogeneracinė jėgainė

Vilnius Combined Heat and Power Plant is one of the most technologically advanced cogeneration plants in Europe. It can generate electricity and heat simultaneously and cover around 40% of the annual district heating demand in the capital. The plant is using two types of fuel, non-hazardous non-recyclable municipal waste left after sorting and biofuel. The waste-to-energy (WtE) unit has one boiler, and the biomass unit has two.

More information about cogeneration power plants you can find here.

Ignitis Group companies are fully committed to build a sustainable future. You can read more about the Group's sustainability activities in the 2024 Sustainability (Corporate Social Responsibility) Report, which is part of the Group's annual report.

Our purpose, strategy, priorities and targets

Performance 2024
Performance, EURm
Revenue

88.8

Expenses

(50.1)

Adjusted EBITDA

38.7

Net profit

17.5

Investments: 

8.9

Assets: 

423.6

Equity

91.8

Liabilities

331.8

Number of employees

126

Company details

Company code: 303782367
VAT identification number:LT100009225717
Head office: Laisvės pr. 10, Vilnius
Correspondence address:Jočionių g. 13, LT-02300 Vilnius
Establishment date and register: 2015 m. vasario 26 d., Juridinių asmenų registras
Bank account:LT98 7300 0101 5080 5550
Bank: Swedbank, AB
Shareholders:AB „Ignitis grupė“ – 100%
Share capital:52 300 021 Eur

Contact information

CEO

Mantas Burokas

Mantas Burokas

CEO

Mantas Burokas is the CEO of Vilniaus Kogeneracinė Jėgainė from 24 February 2021. Mantas Burokas is also a member of the Supervisory Board of AB Panevėžio Specialusis autotransportas...
 


 

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The Board

Mantas Mikalajūnas

Mantas Mikalajūnas

Chair of the Board

Mantas Mikalajūnas has been serving as Vilnius Combined Heat and Power Plant Board Member since 31 March 2022, and on 20 October 2023 became the Board Chair. Mantas is also serving as Chief Regulatory Officer at AB "Ignitis grupė"...

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Jonas Rimavičius

Jonas Rimavičius

Board Member

Jonas Rimavičius is a Management Board member and CFO of Ignitis Group, Chairman of the Board of Ignitis Renewables, and from 27 July 2021 he is a Board member at Vilniaus Kogeneracinė Jėgainė...

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Paul K. Dainora

Paul K. Dainora

Board Member, independent

Paul K. Dainora has been a Member of the Management Board of Vilniaus Kogeneracinė Jėgainė since 21 June 2019. He is the Head of Business Development Green Hydrogen at thyssenkrupp nucera...

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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.​​

UAB “Vilniaus kogeneracinė jėgainė“, a part of the Green Capacities segment, 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

  1. Our purpose is to create a 100% green and secure energy ecosystem for current and future generations.
  2. 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.
  3. UAB “Vilniaus kogeneracinė jėgainė“ significantly contributes to the execution of the Group's strategy, is an integral part of the organisation, and follows the Group’s strategy and strategic plan in its activities.

Strategic priorities and targets of the company​

Green Capacities segment’s priorities are available here. More information about its goals is provided in the integrated strategic plan of the Group.​

People. We are contributing to Ignitis Group’s purpose and strategic priorities by building a diverse team of energy smart people.​

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.