The Cabinet of Ministers approves Latvenergo's general strategic goal and permission to acquire stakes in limited liability companies

The Cabinet of Ministers, by Cabinet of Ministers Order No. 724, has approved the general strategic goal of the joint-stock company “Latvenergo” and granted a general authorization for this company to acquire a participation or decisive influence in capital companies. The notice of the order was published in the official publication “Latvijas Vēstnesis” on November 12, 2026, in issue No. 219 (OP 2026/219). The publication is the sole official reference to this decision in the state’s official publication.

The order is included in the “CONSTITUTIONAL INSTITUTIONS” section of the issue, under the “Cabinet of Ministers” subsection, as item number 26, and it is the last of 26 government legal acts in this publication. The type of document—an order, rather than regulations—indicates an individual government decision addressed to a specific capital company, rather than a general regulatory framework.

What the wording of the order determines

The title of the order combines two elements: the determination of the general strategic goal and the authorization to acquire a participation or decisive influence. Both elements refer to the same company—the state-owned energy concern.

• The legal entity granted authorization: joint-stock company “Latvenergo”.
• The subject: acquisition of participation or decisive influence.
• The scope of addressees: capital companies, without a specific company name in the title of the order.
• The nature of the authorization: general, rather than tied to a single named transaction.

The phrasing “general authorization” used in the title indicates that the government did not limit itself to one specific acquisition—the authorization applies to the acquisition of participation in capital companies in general, simultaneously with the concern’s strategic goal.

Nearby — other government decisions of November 12

Position 26 is not the only decision affecting the economic environment and state assets in this issue. Also published in the same edition are:

• Cabinet of Ministers Order No. 722 — amendments to Order No. 93 of February 16, 2021, “On the Basic Guidelines for National Industrial Policy 2021–2027”.
• Cabinet of Ministers Order No. 719 — amendments to Order No. 1202 of December 18, 2024, regarding the purchase of a part of the “Kalmes” real estate in Meža Miers, Inčukalns parish, for the needs of the “Rail Baltica” project.
• Cabinet of Ministers Order No. 711 — Riga Stradiņš University Real Estate Development Plan for 2026–2031.
• Cabinet of Ministers Regulations No. 678 — regulations on the implementation of energy efficiency improvement measures in multi-apartment residential buildings in the form of interest rate subsidies for the support program.

This issue publishes four Prime Minister’s orders (No. 2026/1.2.1.-321 to No. 2026/1.2.1.-324), information from the State Forest Service regarding the creation of a micro-benefit, the binding regulations No. 14 and decision No. 480 of the Cēsis Municipality Council, as well as official notices — auctions, inheritance notices, invitations to settle liabilities, and other announcements.

What is not specified in the notice

The title published in the order application does not indicate specific procurement goals, transaction amounts, execution deadlines, or supervision procedures. These parameters are to be found in the text of the order itself, rather than in the official notice; therefore, further tracking of the decision is not possible based solely on the publication’s table of contents.

Why this is important

The decision affects the management of state capital in energy: a general permit to acquire a stake or decisive influence in limited liability companies opens the possibility for company takeovers and consolidation in the sector, and it was adopted in a single document with the group’s strategic goal. Readers who follow state enterprise transactions and the structure of the energy market should monitor subsequent decisions in which this permit will be used in relation to specific limited liability companies.

Official source: “Latvijas Vēstnesis”, November 12, 2026, No. 219 (OP 2026/219), item 26 — “On the general strategic goal of the joint-stock company ‘Latvenergo’ and the general permit for the joint-stock company ‘Latvenergo’ to acquire a stake or decisive influence in limited liability companies. Cabinet of Ministers Order No. 724”. Publication: https://www.vestnesis.lv/url/17030?content=1 (document vestnesis-2026-11-12-219.full.md).