- Business
- Lipetsk Power Sale Company Open Joint-Stock Company (LPSB.ME), also known as Lipetskaya Energosbytovaya Kompaniya OAO or Lesk PAO, engages in the purchase, distribution, and sale of electric and thermal energy on wholesale and retail markets primarily in the Lipetsk region of Russia; it supplies electricity to approximately 14,000 organizations and 550,000 individual customers while providing related services such as installations, repairs, adjustments, and maintenance for subscribers. The company operates through its subsidiary GESK OAO, which is active in the electric and thermal energy sector, and focuses on the electric utilities industry with sales concentrated in Russia, reaching 15.03 billion rubles in 2023 from electrical energy and power. Founded in 2005 as a result of the reorganization of Lipetskenergo OAO and headquartered at 87a Pobedy Avenue, Lipetsk, Russia, it is a subsidiary of Zefavel Trading Limited, which acquired a 90.8% stake in 2013. In recent developments, the company reported earnings for the full year ended December 31, 2024, alongside half-year profit of 456.8 million rubles for 2025 (up 116% year-over-year) and revenue growth to 8.2 billion rubles in the first half of 2025 (up 10.6%), reflecting strong financial performance amid ongoing operational activities like planned network repairs in December 2025.