The decision to expand the share capital was made after the increase in the scope in the market. The bigger share capital was to raise the company's financial reliability and reliance of the market's participants.
The capital was expanded for the account of the company's shareholders.
Baltpool acts as Lithuanian electricity financial market administrator and as Lithuanian gas market operator.
Baltpool is established in order to foster the creation of harmonized common Baltic electricity market integrated with the Nordic market and further – with Central and Eastern European markets as defined in the Baltic Energy Market Interconnection Plan (bemip). Meanwhile these topics are going well and Baltpool expands its activities and concentrates on the development of local energy market. We have started it by launching the Lithuanian gas exchange and financial market for electricity.
