LITGRID Turtas AB is a Lithuania-based company engaged in the electric energy sector. The Company's core activities include control, operation and ownership of assets and belongings of electricity transmission system and control, management of companies performing functions of electricity transmission trading and market operator. It's activities are structured into five divisions: Electricity Transmission, Trade in balancing/regulating electricity, Provision of Capacity Reserve Services, Public Services Obligations (PSO) electricity sales and Other Activities of Transmission System Operators. The Company operates through its subsidiaries include LITGRID AB, which is involved in the activities related to the electricity transmission system operator, and TETAS UAB, which is active in transformer substation, distribution station design, construction, repair and maintenance services. In January 2014, the Company established new subsidiary, UAB Tinklo prieziuros centras.

Utilities

Litgrid AB

Litgrid AB's headquarters in Vilnius, Lithuania

This department oversees the procurement process, ensuring efficient acquisition of goods and services.

Procurement Management

The Project Management team at Litgrid AB oversees the planning, execution, and delivery of various projects within the electric energy sector. They ensure that projects related to electricity transmission and network upgrades are completed on time and within budget, while coordinating cross-functional efforts and managing stakeholder communications. The team also focuses on procurement strategies and synchronization programs to enhance operational efficiency and support the company's strategic goals.

Project Management

This department provides legal guidance and support to ensure compliance and mitigate risk.

Legal Affairs

This department is responsible for guiding the organization through strategic decisions and ensuring accountability at the highest level.

Board Oversight

The Engineering and Technical Operations team at Litgrid AB is responsible for overseeing the design, implementation, and maintenance of the electricity transmission system. This team ensures the efficiency and reliability of energy transmission operations, focusing on integrating renewable energy sources, managing system synchronization, and enhancing information security. Their efforts support the company's mission to maintain a robust and effective energy infrastructure while facilitating the smooth operation of electricity trading and market functions.

Engineering and Technical Operations

The Finance and Administration team at Litgrid AB is responsible for overseeing the company's financial health and ensuring efficient resource allocation. This includes managing budgeting, financial reporting, procurement processes, and data management to support the operational divisions. The team plays a critical role in optimizing financial strategies and streamlining administrative functions to enhance overall organizational efficiency in the electric energy sector.

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Other teams

Project Management

Legal Affairs

Board Oversight

Engineering and Technical Operations

Finance and Administration