Regarding the Approving of Strategy of Lietuvos Energija Group 2030
Lietuvos Energija, UAB (hereinafter – the Company or Lietuvos Energija, UAB) identification code 301844044, registered office located at Žvejų St. 14, Vilnius, the Republic of Lithuania. The total nominal value of issued bonds 300 000 000 EUR; ISIN code XS1646530565.
On May 23, 2018 the Supervisory Board of Lietuvos Energija approved the Lietuvos Energija Group strategy which covers the period up to year 2030. During this period Lietuvos Energija is planning a material transformation: it will increase green generation capacities, expand its operations in international markets, will create and introduce innovations in the energy sector. All this will be implemented to ensure a stable return that will reach 1.6 billion EUR in 2018-2030 and maintain the best price and quality to customers.
Sustainable international development, quality, effectiveness, and transparency will be in focus during the implementation of the new strategy of Lietuvos Energija. The strategy includes the development of energy infrastructure and green energy, development of global competitiveness of the company and the country in general, creating a commercial organisation, development of new energy service platforms and the hub of energytech competences. Sustainable development will aim for quality and effectiveness to improve customer service, infrastructure quality, further clear the group activities, ensure stable return for the State, and maintain the top transparency standards in its activities. The implementation of the new strategy must support staying in the leadership position of the best prices for energy distribution services in the European Union.
The Lietuvos Energija group strategy is based on ambitious goals related with the growth and development of corporate group. We note that making and implementing any particular decisions in order to achieve these goals (including the scope, time, method of financing and other aspects of development) will depend on the particular external and internal economic, legal and other factors, which could affect making such decisions and their effective implementation oriented towards successful results of corporate group and creating value to all stakeholders.
Separate operational guidelines of the corporate group presented in this document (including potential projects, development opportunities and alternatives) cannot be considered as a commitment or any other final decision or proposal to invest, to enter into transactions or to perform other actions.
Information about all particular decisions, if they must be publicly disclosed, will be disclosed in accordance with the legislation governing the disclosure of such information and ensuring the provision of necessary, sufficient and comprehensive information to the stakeholders and the implementation of the transparency principles.
More information: Laura Šebekienė, Corporate Communications project manager of Lietuvos Energija +370 633 99940, email@example.com