Utilitas (company)

Utility and energy company in Tallinn, Estonia

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "Utilitas" company – news · newspapers · books · scholar · JSTOR (July 2022) (Learn how and when to remove this message)

|

OÜ UtilitasFormerly| OÜ Elekter ja Küte

|

Industry| Electricity
Founded| 2011; 14 years ago (2011) in Tallinn, Estonia
Founder| Kristjan Rahu
Headquarters|

Tallinn

Estonia

Area served

| Estonia

Key people

| Priit Koit (CEO)
Kristjan Rahu (Chairman)
Products| Electrical power
Heat
Services| District heating
Subsidiaries| AS Utilitas Tallinn
AS Utilitas Eesti
OÜ Utilitas Tallinna Elektrijaam
Website| www.utilitas.ee/en/

OÜ Utilitas (former name: OÜ Elekter ja Küte) is a utility and energy company located in Tallinn, Estonia. It generates thermal energy and electricity and provides district heating services.

Utilitas is supplying heat in eight Estonian cities: Tallinn, Maardu, Haapsalu, Jõgeva, Keila, Kärdla, Rapla and Valga. In addition to three cogeneration plants, Utilitas has a total of 26 boiler houses and nine solar power plants. Utilitas’ first district cooling system is located in Tallinn, Fahle quarter.

Utilitas operates about 550 kilometres (340 mi) of district heating networks, and heat and power plants in eight cities in Estonia, including Tallinn.[1]

In 1998, Estonian businessman Kristjan Rahu acquired a newly established company AS Eraküte, which started to acquire local heat producers and district heating sets.[2] In 1999, French Dalkia bought 80% stake in Eraküte.[2] In 2001, Eraküte established a subsidiary AS Tallinna Küte for leasing assets of the Tallinn's municipal heating company AS Tallinna Soojus. The deal was completed at the end of 2001.

In 2011, Kristjan Rahu founded OÜ Elekter ja Küte, which acquired from Dalkia OÜ Tallinna Elektrijaam, owner of the Väo Power Plant. One year later Elekter ja Küte bought AS Eraküte and AS Tallinna Küte. In 2013, Elekter ja Küte changed its name to Utilitas.[3] In 2014, Kristjan Rahu gave a 12.32% stake in the company to the company's management.[2] In 2016, all subsidiaries of the company adapted the name Utilitas.[4] In 2018, 85% of Utilitas was acquired by the European Diversified Infrastructure Fund II SPSc (EDIF II), operated by Australian First State Investments.[1]

## References

[edit]

1. ^ a b "Major Utilitas transaction does not require Competition Authority approval". ERR. 2018-11-30. Retrieved 2019-02-16.
2. ^ a b c "Kuidas sai Kristjan Rahust Tallinna küttekuningas?" [How did Kristjan Rahu became Tallinn's King of Heat?]. Äripäev (in Estonian). 2018-11-28. Retrieved 2019-02-16.
3. ^ Laanemets •, Juuli (2013-08-29). "OÜ Elekter ja Küte uus nimi on OÜ Utilitas" [The new name of OÜ Elekter and Küte is OÜ Utilitas]. Äripäev (in Estonian). Retrieved 2019-02-16.
4. ^ "Energiakontsern Utilitas liidab tütarettevõtted ühise kaubamärgi all" [Utilitas energy group merges subsidiaries into a common brand]. Delfi (in Estonian). 2016-09-20. Retrieved 2019-02-16.