Introduction
Joint-Stock Company "Latvenergo", Latvia's state-owned energy utility, has awarded GE Vernova Global Services GmbH a substantial long-term maintenance contract valued at EUR 50,553,731. The agreement covers maintenance and service work for gas turbines at TEC-2 and TPP-2, strengthening the reliability and efficiency of one of Latvia's most significant power generation assets. On December 10, 2025, the agreement was finalised.
The scope of the contract
The awarded agreement includes long-term maintenance services for the gas turbines at TEC-2 (Thermal Power Plant No. 2) to guarantee operational stability, optimal performance, and an extended equipment lifecycle. The services are expected to support ongoing power generation and energy security across Latvia.
Crucial Contract Information
Contract Title: Purchasing Extended Maintenance Contracts for TEC-2 Gas Turbines
Reference Number: "Latvenergo" AS 2025/16.
Contract Value: 50,553,731.00 euros
Contractual Date: December 10, 2025
Project Location: Latvia
Parties Associated
Purchasing
Joint-Stock Company "Latvenergo", Latvia's national provider of electricity and thermal energy, is essential to the country's energy infrastructure.
Provider of Choice
The multinational energy technology and services firm GE Vernova Global Services GmbH specialises in gas turbine maintenance, lifecycle services, and power plant optimisation.
Strategic Significance
This high-value contract demonstrates Latvenergo's long-term commitment to power plant dependability and energy resilience. By working with a globally recognised turbine service provider, the utility ensures reduced downtime, increased efficiency, and adherence to technical and environmental standards.
Industry Impact
The agreement highlights Latvia's continued dedication to safeguarding and updating its thermal power generation capacity, particularly in periods of high demand for electricity. The public utilities sector's capacity to sustain both operational excellence and a consistent energy supply depends on these long-term service agreements.
Synopsis
With the award of this EUR 50.55 million maintenance contract, Latvenergo reaffirms its commitment to safe, efficient, and sustainable energy production. The collaboration with GE Vernova Global Services GmbH is a strategic move to protect vital infrastructure and support Latvia's long-term energy objectives.
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