Published: 2019-01-18 15:12:31 CET
Energijos Skirstymo Operatorius AB
Notification on material event

Regarding the approval of the strategy of AB Energijos Skirstymo Operatorius till 2030

AB Energijos Skirstymo Operatorius, code 304151376, registered office address Aguonų g. 24, Vilnius. The total number of ordinary registered shares issued by AB Energijos Skirstymo Operatorius - 894 630 333 pcs.; ISIN code – LT0000130023.

The Supervisory Board of AB Energijos Skirstymo Operatorius (ESO) owned by the energy group Lietuvos Energija approved the ESO’s strategy, which was updated in light of the long-term goals and strategic directions of Lietuvos Energija Group presented in May 2018.

The approved ESO strategy covers the period till 2030. Till that time, ESO plans to significantly increase network resistance to atmospheric factors, to implement technological, intelligent solutions that include remote, automated network control and maintenance, and to develop a customer experience management model across the ESO value chain. All this will ensure a stable return and maintain the optimal value-to-price ratio for customers.

The main focus in the implementation of the new ESO strategy will be placed on increasing the reliability of the network, the deployment of intelligent solutions for real-time operations, the empowerment of the development of the electricity market through open and neutral platform solutions, and the promotion of the creation of a service market, which provides the same operating conditions for all market participants. The totality of actions provided for in the ESO strategy will ensure the best value to customers both in terms of reliability and intelligence of infrastructure as well as of variety and price of services. Accordingly, the empowering infrastructure will allow market participants / energy suppliers to develop and provide services that meet individual needs of each customer.

Strategic directions of ESO 2030 correspond to the goals laid down in the ESO’s 10-year investment plan and the National Energy Independence Strategy.

The adoption and implementation of specific decisions in pursuit of these goals (including the scope, timing, method of financing and other aspects) will depend on specific external and internal economic, legal and other factors that may influence such decision-making and effective implementation of the decisions made. Investments will be approved with regulatory authorities in accordance with the procedure established by legal acts, therefore the ESO’s operating directions provided for in the strategy may not be considered final decisions to invest or to conduct other actions.

Information on specific decisions, if they must be disclosed in public, will be disclosed in compliance with the requirements of legal acts governing the disclosure of such information, ensuring the provision of the necessary, sufficient and detailed information to stakeholders as well as the implementation of the principles of transparency.

Additional information: public relations representative - Tomas Kavaliauskas, tel. +370 617 51616