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Wednesday, 16.07.2025, 10:33
Swiss consultants from Colenco were involved in Riga cogeneration plant reconstruction since 2004
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"AF Colenco's" branch in Latvia was registered in Latvia, with the registered address the same as that of Livanovics' private home, in 2004. Swiss national Peter Rock has been the head of the branch since then, he has the right to represent Colenco in all matters that deal with the Riga 2nd Cogeneration Plant reconstruction project.
At the moment, Livanovics' home in Livani officially belongs to his wife, who had the property given to her as a birthday present at the end of 2006. At the same time, the Livanovics signed a prenuptial agreement.
Colenco drew up the documents for the cogeneration plant reconstruction tender, and participated in evaluating the bids.
The first round of reconstruction of the Riga 2nd Cogeneration Plant was carried out by the Spanish company Iberdola. It cost EUR 178 million altogether, whereas the second reconstruction round is projected to cost twice as much – EUR 350 million.
As reported, Livanovics is one of the persons arrested in the case. Other detainees include now-former Latvenergo board chairman Karlis Mikelsons and his deputy Aigars Melko, Sadales tikls board chairman Ivars Liuziniks and his deputy Andrejs Stalazs, as well as Sadales tikls technical director for the eastern region, Edgars Vitkovskis. Also arrested was Buvenergoserviss Ltd. sole owner and CEO Mihails Paladijs.
The Corruption Prevention Bureau announced last Thursday that in the case against executives at Latvenergo power utility, EUR 1.13 million were laundered. The Corruption Prevention Bureau believes that avarice and material gain prompted the officials to use their positions in bad faith and operate counter to the company's interests. They secured favorable decisions for certain private enterprises in connection with public purchase and reconstruction projects.
According to Mikelsons' income declaration, Livanovics' firm Energy Consulting in 2007 paid Mikelsons over EUR 500,000 for the purchase of real estate property.
Another Livanovics-led firm – AGZ, in 2007 also purchased property from Latvenergo Vice President Aigars Melko's daughter for LVL 230,000.
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