On 25 March 2026, the Riga City Council decided to retain the direct participation of the Riga City Municipality in SIA “Rīgas ūdens”. The decision was adopted following an evaluation of the municipality’s participation, taking into account the strategic importance of water utility services for the city’s infrastructure and development.

At the same time, the decision defines the general strategic objective of SIA “Rīgas ūdens” – to ensure customer-oriented, continuous, safe, high-quality, accessible and economically sound water utility services, as well as the sustainable and secure use of water resources significant to Riga and the management of strategically important infrastructure, while promoting public involvement in the prevention of water pollution.

In accordance with the Law on Governance of Capital Shares of a Public Person and Capital Companies, a public person must re-evaluate its participation in a capital company at least once every five years. The previous decision of the Riga City Council on retaining the municipality’s direct participation in SIA “Rīgas ūdens” was adopted on 7 July 2021; therefore, a new evaluation had to be carried out no later than June 2026.

About SIA “Rīgas ūdens”

SIA “Rīgas ūdens” is the largest water utility company in Latvia, providing water abstraction, treatment, and supply, as well as wastewater collection and treatment services in Riga and the surrounding area. The company’s priorities are delivering high-quality services, developing infrastructure, and ensuring sustainable use of resources. “Rīgas ūdens” is the first municipal company in Latvia to secure financing through the capital market and the first company in Northern Europe to issue bonds in accordance with the European Green Bond (EuGB) Standard.

Sandijs Māliņš

Head of Finance department

Phone: +371 29187817

Email: investoriem@rigasudens.lv