Elektrilevi became the first in the Baltic states to get an international asset management certificate ISO 55000 from the United Kingdom Accreditation Service UKAS and certification bureau Veritas.

“Elektrilevi is a company whose asset is the whole Estonian power grid: from lines and masts to high-tech substations and control centers. Value of our main assets is among the highest in Estonia,” said Elektrilevi CEO Jaanus Tiisvend.

“That’s why it is very significant that we have received an international confirmation certifying our expedient and cost effective management of assets that cost about a billion euros, and our management of value of these assets,” he added. The audit required for the certification, was conducted in Elektrilevi in September this year. Preparation for asset management system implementation has started already seven years ago.

”It was the first time in my working career when I haven't found any inconsistencies during the audit,” said external auditor Andrey Yordanov who carried out the audit, observed the activities of Elektrilevi and interviewed representatives of different activity areas during a week.

The certificate is issued for three years. There are additional checks held once a year. After three years, you have to certify again – it means, you have to pass the recertification.

Elektrilevi started to explore national standard PAS55 seven years ago. After that it was decided to implement the requirements of the international standard ISO 55000. But it turned out that the use of standard written in English was difficult in Estonia. Elektrilevi supported translation of the standard and adaptation of it to Estonian standard EVS ISO 55000.

Implementation of the international ISO 55000 standard allows organisation to reach its targets with effective and efficient management. The use of the asset management system gives confidence that targets can be reached consistently and steadily in the longer term.

Elektrilevi is the largest power distribution network company in Estonia, managing approximately 61 000 kilometers of power lines and 24 000 substations. Elektrilevi transmits electricity from the bulk electric system to homes and businesses throughout Estonia, except for Läänemaa, Viimsi and Narva.