Gren has finalized the acquisition process of VKG Soojus – third largest district heating network in Estonia
Following the fulfillment of customary closing conditions, Gren has concluded the acquisition process of VKG Soojus – a district heating network company operating in the North-East part of Estonia in the regions of Jõhvi and Kohtla-Järve.
Gren is committed to continuing operating the third largest heat distribution network in Estonia with a total length of 164 km and distributing the heat to the residents and businesses in the districts of Ahtme, Järve, and Sompa, and the town and municipality of Jõhvi. Today the heat is mainly sourced as excess heat from Viru Keemia Grupp’s industrial processes. Agreed long-term cooperation between VKG and Gren will bring benefit and added value to the customers and the entire region. The usage of excess heat from industrial processes is highly important in today’s environment – it is a reliable local source of energy that reduces the consumption of primary fuels and improves the overall environmental footprint.
Margo Külaots, the Country Head of Gren in Estonia says: “We have been developing district heating services for our customers for more than 20 years in the cities of Tartu and Pärnu. With our long-term experiences and expertise, we are committed to continuing the work of Viru Keemia Grupp and providing sustainable district heating and new services for Kohtla-Järve, Ahtme, Sompa and Jõhvi communities.”
Gren will continue providing district heating services under the name Gren Viru AS. Changes of ownership, name and brand do not lead any changes to the obligations which have been agreed with customers – in the terms of the contract, the offer of services and prices.