In brief

AS Augstsprieguma tikls (AST) is an independent transmission system operator in the Republic of Latvia, engaged in providing electric power transmission network services and ensuring the balancing and stability within the transmission network.

The electric power transmission network consists of interconnected networks and equipment, including cross-border connections with voltages of and above 110kV, which are used to transmit electric power from the producers of electric power to the relevant distribution network or end-users.

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+Figures and facts

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+Awards

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AST participates in the annual Sustainability Index managed by the Corporate Responsibility and Sustainability Institute, and in 2019, the company received the top Platinum award (as an assessment of its work in 2018). The company’s performance gets better every year: in 2015, it received a Bronze Award, in 2016 and 2017, Silver Awards, becoming a sustainability champion for growing faster than any of the Index’s other participants, and receiving a Gold Award in 2018
The employee selection company CV-Online Latvia carried out a 2018 Top Employer survey, in which AST took second place as the most popular and best appreciated employer among Latvia’s energy companies. AST took 13th place in the overall ranking, rising more than 10 positions compared to the previous year.

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In 2018 and 2019, the Ministry of Welfare awarded AST the title of a Family-Friendly Company, praising the care and positive attitude expressed by the company towards its employees, clients and their families.

The State Revenue Service named AST its Gold partner as part of the expanded cooperation programme.

The expanded cooperation programme is a way for the State Revenue Service to collaborate with taxpayers, in which the companies that match certain criteria are selected and assigned one of three levels: Bronze, Silver and Gold. Depending on the level, the State Revenue Service offers various benefits to the participants of the programme.

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3rd place in the New Utility Building category of the 2017 Latvijas Būvnieciba Annual Awards (for the Skanste transformer substation).

 

+Ownership structure

Share capital

The registered share capital of the AST is EUR 63 139 313 comprised of 63 139 313 ordinary shares with a nominal value of EUR 1 each. The owner of all AST shares is the Ministry of Finance of the Republic of Latvia (100%).

Participation in other Companies
Name of the Company Location Type of business  AST participation rate (%)
JSC "Nord Pool Holding" Norway Organising Power market 2.0%
JSC "Pirmais slēgtais pensiju fonds'' Latvia Administering pension plans 1.9%
JSC "Conexus Baltic Grid"  Latvia Natural gas transmission and storage operator 34.36%
+Membership in public organizations

AST is a member of the following public organizations:

 

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The participation of AST in ENTSOe – (the European Network of Transmission System Operators for Electricity) provides an opportunity to participate in the development of legislation and policy documents at the European level. 36 countries and 43 operators of transmission systems are represented in the association. Its goal is to work towards liberalising the gas and electricity market in the European Union.

AST has been a member of the “Latvian Association of Personnel Management” since 2010. The association was founded in order to promote the popularity of personnel management in Latvia, to increase the competence of the personnel specialists and managers, as well as the prestige of this position in the labour market, in order to demonstrate the positive impact of effective personnel management on the successful operation of companies.

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The participation of AST in the “Latvian Association of Power Engineers and Energy Constructors” (LEEA) provides an opportunity to participate in the evaluation and development of electricity and energy legislation, policy documents and standards, in the organisation of personnel certification and training programmes, in conducting research related to power energy and in the organisation of scientific and technical events, as well as to cooperate with educational institutions in the field of power engineering. The representatives of AST regularly attend LEEA meetings to provide an exchange of views on current issues in the power industry, including energy security.

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AST has been a corporative member of the “Institute of Corporate Sustainability and Responsibility” since 2016 and is involved in its activities by participating in the annual evaluation of the Sustainability Index, improving its performance year by year, and by participating in the activities of good practice exchange organised by the Institute (seminars, training, Responsible Business Week).

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AST has been a member of the “National Committee of the World Energy Council” (PEP LNK) since 2016. Participation in PEP LNK provides information on the exploration, extraction, transport, transformation and efficient use of energy resources, both nationally and internationally.

In order to maintain quality, competence and compliance with the requirements of international standards of the accredited AST chemistry laboratory, in May 2015 AST became a member of the “Latvian Association of Testing Laboratories”.

 

 

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