Summary
Machine-generated summaryAS 'Latvenergo' is procuring property insurance services for the first and second power units of its TEC-2 plant in Latvia. The contract covers financial and insurance services, specifically property insurance for these two energy blocks. Suppliers qualified to provide property insurance for energy infrastructure may participate according to the requirements set out in the tender documents published by the buyer.
Description
Official source
Source: TED - Tenders Electronic Daily (Publications Office of the EU)
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Last verified against TED - Tenders Electronic Daily (Publications Office of the EU) 1 week ago
The buyer
Full buyer profileAkciju sabiedrība “Latvenergo”
- notices in the register
- 153
- awards
- 49
- awarded in total
- €296.8M
Who wins its contracts
Many suppliers- different companies won its awards
- 32
- of the awards went to the three most frequent winners
- 26%
- of its calls state an estimated value
- 0%
Based on 43 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.
Competition
- tenders per lot on average (open and restricted procedures)
- 4.2
- of those lots received a single tender
- 0%
- of the awards went to companies based in another country
- 35%
As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.
One dot per award, on the day it was signed, sized by its value. A ring is an award with no published value.
This buyer has no award history in this sector yet. Usual winners, Financial & insurance services - Latvia
| Company | Wins | Total awarded | Last win |
|---|---|---|---|
| Apdrošināšanas akciju sabiedrība "BALTA" | 62 | €28.7M | Sep 2026 |
| "Compensa Vienna Insurance Group" ADB Latvijas filiāle | 24 | €5.1M | Sep 2026 |
| AAS "BTA Baltic Insurance Company" | 22 | €10.9M | Sep 2026 |
| Akcine draudimo bendrove "Gjensidige" Latvijas filiāle | 16 | €12.1M | Mar 2026 |
| "Baltijas Apdrošināšanas Nams" apdrošināšanas akciju sabiedrība | 11 | €9.2M | Jun 2026 |
Based on 182 awards with a linked company profile over the last 2 years.
4 open tenders right now
- Repair and maintenance services - Overhaul repair of the mechanical parts of gantry cranes No.1 and No.2 in the machine hall of the Plavinas HPP 21 days to request
- Repair and maintenance services - Maintenance repair of mechanical equipment at TEC-1 in 2027 and 2028 No deadline published
- Software package and information systems - Renewal of licences and additional add-ons for Freshworks Inc. products Freshsales Suite Enterprise and Freshdesk Enterprise No deadline published
Market context
- open now in Financial & insurance services
- 2,206
- median open notice
- €482,367
Who wins in this market
Moderately concentratedLatvia · Financial & insurance services
- different companies won awards here
- 30
- of the awards went to the three most frequent winners
- 59%
- buyers awarded contracts here
- 108
Based on 182 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.
Competition
- tenders per lot on average (open and restricted procedures)
- 2.5
- of those lots received a single tender
- 22%
- of the awards went to companies based in another country
- 1%
- of the tenders came from another country
- 3%
As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.
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