State-owned companies may donate financial resources or property in accordance with the Law On Prevention of Squandering of the Financial Resources and Property of a Public Person. 

According to the Donation Strategy Latvenergo AS donates financial resourcesin the following focus areas:

• Science and Education;
• Culture;
• Social Support

To expand cooperation with stakeholders and involve experts from relevant areas in the decision-making regarding donations, starting from 2018 Latvenergo AS donates funds in the social field through project tenders administered by the partner organisation. The Foundation “Ziedot.lv Fund” (Ziedot.lv) has been chosen as the cooperation partner based on the Fund’s previous experience, recognition and reputation.

Memorandum of Understanding on Social Support for Improving the Quality of Life of Society and for People with Special Needs

LatvenergoAS provides social support in the following areas:

• Assistance to children and adults with special needs;
• Assistance to socially disadvantaged groups.

To expand cooperation with stakeholders and involve experts from relevant areas in the decision-making regarding donations, for the third consecutive year Latvenergo AS has been donating funds in the area of culture through a project tender administered by the partner organisation. The State Culture Capital Foundation (SCCF) has been chosen as the cooperation partner of Latvenergo AS in the area of culture. The choice has been made by assessing the organisation’s experience in the administration of project tenders, its administrative capacity, scope of activity, recognition and reputation, and status of a public benefit organisation.

Memorandum of Understanding on Support for Nationwide Cultural Events

Latvenergo Group annually implements projects contributing to development of science and education in energy, promoting engineering and technology professions and facilitating training of qualified specialists.

Latvenergo AS is providing support for organising the 3^rd European Physics Olympiad to be held in Riga from 31 May to 4 June 2019. Teams from 25 to 30 countries are going to participate in the event. Members of the Academic Committee of the Olympiad, who are academics from the world’s leading universities, will also take part. The event will provide the representatives of all the participating countries with the opportunity not only to get acquainted with the Latvian academic environment, but also learn about the companies and achievements in the fields of physics and engineering, thus contributing to the international recognition of the Latvian engineering industry.

For several years, Latvenergo AS has provided support for the development of the Riga Technical University (RTU) Engineering High School and the improvement of the technical equipment of the Latvenergo creative laboratory at the RTU Faculty of Power and Electrical Engineering.

Promoting the excellence of young people in exact sciences, Latvenergo AS supports the participation of the Latvian team in the International Physics Olympiad: in Yogyakarta, Indonesia in 2017 and in Lisbon, Portugal in 2018 and in Telaliv, Israel in 2019.