History

2002: INTER RAO Lietuva (at the time called UAB Energijos realizacijos centras) began operations in Lithuania after a new energy law came into force liberalising the electricity market and allowing independent suppliers and other players to operate in an open electricity market.
2003: it was granted a license as an independent supplier in Lithuania and it was also authorised to export electricity. The company exported its first electricity supplies to Russia and Belarus.
2004: the company was authorised to import electricity into Lithuania.
2005: RAO Nordic OY in Finland, a subsidiary company of the Russian energy concern, INTER RAO UES, , acquired 18 per cent of INTER RAO Lietuva shares in order to improve the reliability of electricity supplies and increase competitiveness.
2007: UAB Scaent Baltic acquired 82 per cent of INTER RAO Lietuva shares.
2008: INTER RAO UES, through its subsidiary company, RAO Nordic OY, acquired a further 33 per cent of the company’s shares from Scaent Baltic and increased its shareholding to 51 per cent. INTER RAO Lietuva became a subsidiary company of the main electricity trading partner, INTER RAO UES.
2009: INTER RAO Lietuva became an authorised trading representative of INTER RAO UES in the Baltic countries.
2009: the company changed its name from UAB Energijos realizacijos centras to UAB INTER RAO Lietuva.
2010: At the start of the year INTER RAO Lietuva established subsidiary companies in Latvia and Estonia – INTER RAO Latvia and INTER RAO Eesti – strengthening the company’s status in the region, increasing efficiency and providing a faster response to market changes.
2011: The INTER RAO Lietuva group of companies started trading in the Europe’s leading Scandinavian electricity trading exchange – Nord Pool Spot – in the Estonian price zone.
2011: In the spring of 2011 a subsidiary company of INTER RAO Lietuva – UAB IRL Wind – was established to operate renewable energy projects.
2011: IRL Wind acquired one of the largest wind farms in the Baltic countries – a 30 MW farm in Kretinga district, western Lithuania.
2011: INTER RAO Lietuva became the largest player in the Lithuanian electricity exchange by volume with a turnover exceeding 1 billion Litas. Turnover reached 1.24 billion Litas at the end of the year and, over 12 months, the company supplied 6.2 TWh of electricity.
2012: INTER RAO Lietuva changed its legal status and became a joint stock company.
2012: A subsidiary company in Poland – IRL Polska – was registered.
2013: UAB IRL Wind and Vydmantai wind park, UAB were reorganised by merging UAB IRL Wind into Vydmantai wind park.
2013: The board of AB “INTER RAO Lietuva” has approved the decision to increase (from PLN 2 million to PLN 10 million) the authorized capital of the company-owned subsidiary “IRL Polska Sp. Z o.o.” which operates in Poland.
2014: On 9th of January, AB “INTER RAO Lietuva” subsidiary “IRL Polska Sp. z o.o.” has been granted the license for electricity trading in Poland.
2014: On 30 of April the General Annual Meeting of shareholders has adopted the decision to pay dividends to the shareholders of the Company in the amount of 13 million Litas.
2014: On 22 of May IRL Polska Sp. z o.o. begins electricity trading operations. IRL Polska sp. z o.o. obtained direct access in the so called Day-Ahead and Intraday Market (RDNiB) and Derivatives Market (RTT) on 10 October 2014.
2015: After Lithuania joined the euro zone, AB INTER RAO Lietuva shareholders fixed a nominal value of one share 0.29 EUR, share capital equal to 5.8 million EUR.
2015: AB INTER RAO Lietuva shareholders decided to distribute 11.2 million EUR as dividends.
2016: AB INTER RAO Lietuva shareholders decided to distribute 16.1 million EUR as dividends.
2017: On 30th of March 2017 by decision of Supervisory Council The Board of the Company was re-elected for a new office term of four years.
2017: On 28th of April 2017 new three members of the Supervisory Council, among them one independent member, were elected at the Annual General Meeting of Shareholders.
2017: AB INTER RAO Lietuva shareholders decided to distribute 10.2 million EUR as dividends.
2018: AB INTER RAO Lietuva shareholders decided to distribute 7.1 million EUR as dividends.
2018: On 6^th of November 2018 the decision has been taken to liquidate company’s subsidiary UAB „Alproka“ which has successfully completed a real estate project and all real estate owned by UAB „Alproka“ has been sold. Therefore, UAB „Alproka“ was no longer carrying out any commercial activities.
2019: AB INTER RAO Lietuva shareholders decided to distribute 11.6 million EUR as dividends.
2020: AB INTER RAO Lietuva shareholders decided to distribute 14 million EUR as dividends.
2020: UAB “Alproka” was liquidated.
2021: AB INTER RAO Lietuva shareholders decided to distribute 11 million EUR as dividends.