Caruna is the largest company dedicated to the distribution of electricity in Finland. Our share of the local electricity distribution market is approximately 20%. We provide power to approximately 650,000 private and corporate customers in southern, southwestern and western Finland, the city of Joensuu and the regions of Koillismaa, Lapland and Satakunta. Our electricity network is nearly 79,000 kilometres long; it would stretch almost twice around the earth.

 

We endeavour to meet our customer’s expectations and, first and foremost, to secure an undisturbed supply of electricity.

We endeavour to meet our customer’s expectations and, first and foremost, to secure an undisturbed supply of electricity. We continuously improve and develop our electricity networks. We are set to invest MEUR 200 into improving the reliability of our electricity distribution every year for the next decade. Our vision is to be world’s best electricity distributor.

Caruna employs approximately 270 employees and 2,000 contractors in various projects around Finland. Our head offices are located in Espoo, Finland.

Caruna’s direct owners are Finnish employment pension companies Keva (12.5%) and Elo (7.5%), as well as international infrastructure investors First State Investments (40%) and Borealis Infrastructure (40%). Caruna’s operations are regulated by the Finnish Energy Authority, in charge of monitoring the electricity network business in Finland.

Corporate structure

Caruna Networks Oy is the parent company of the Caruna Group. Caruna Networks Oy’s parent company is Suomi Power BV, registered in the Netherlands. In addition to Caruna Networks Oy, the Caruna Group also comprises Caruna Networks Sähkönsiirto Oy, Caruna Networks Espoo Oy, Caruna Oy, and Caruna Espoo Oy. Caruna Networks Oy is the owner of Caruna Networks Sähkönsiirto Oy and Caruna Networks Espoo Oy, which, in turn, own Caruna Oy and Caruna Espoo Oy.

Of the Group companies, Caruna Oy and Caruna Espoo Oy conduct regional and distribution network activities within their own geographical areas, using their own electricity networks and operating under a network licence granted by the Energy Authority. Caruna Networks Oy, Caruna Networks Espoo Oy, and Caruna Networks Sähkönsiirto Oy provide support services for the entire Caruna Group.