Mindaugas Grazys

Ignitis Gamyba AB engages in the production, supply, and trade of electricity. Its activities include electricity generation, electricity production and trading, and heat production and supply. It operates through two segments: Regulated Activities and Commercial Activities. The Regulated Activities segment includes the Reserve Power Plant's revenue from heat and electricity production, balancing and regulation, capacity reserve services, including capacity reserve revenue of Kruonis Pumped Storage Power Plant. The Commercial Activities include electricity trade in a free market, electricity generation at Kaunas Algirdas Brazauskas Hydro Power Plant and Kruonis Pumped Storage Power Plant, related balancing and regulation services. The company was founded in 1995 and is headquartered in Elektrenai, Lithuania.