Construction, Energy, Investments, Latvia

Press photo.

This is a historic moment, because Latvia has become self-reliant as Latvenergo can now produce enough power to cover the entire electricity consumption of Latvia, stressed Zigurs.

According to Latvenergo Website, the Acone plant is the largest thermal power station in Latvia, it opened in 1973. Reconstruction of the plant commenced in 2006. The first unit was reconstructed by the end of 2008, and the second unit was accepted into service this year.

A total of approximately EUR 626 million (LVL 440 million) has been invested in the project since 2006, including LVL 225 million invested in reconstruction of the second unit. Zigurs told the Nozare.lv business portal that Latvenergo hoped to return the investment in fifteen to twenty years.

Press photo.

The cogeneration plant is a security guarantee for Latvia, because it will enable electricity production at times when electricity price is higher.

The total capacity of the plant has therefore reached 832 megawatts of electricity and 544 megawatts of heat energy.

In 2012, the plant generated 1,081 gigawatt-hours of electricity and 1,470 gigawatt-hours of heat energy.