- Business
- Public Joint Stock Company Rosseti Lenenergo engages in electricity transmission and distribution in St. Petersburg and Leningrad oblast of Russia. The company operates an extensive grid complex spanning 38,800 km of overhead power lines, 16,000 km of cable routes, and over 13,800 substations across voltage classes from 0.4 kV to 110 kV; provides technological connection services for energy receiving devices of legal entities and individuals; and delivers related construction, installation, repair, and maintenance services. Rosseti Lenenergo serves more than 6 million consumers across 87,100 square km, focusing on reliable power supply, grid infrastructure development, and operational efficiency in the electric utilities sector. A subsidiary of Rosseti Public Joint Stock Company, Rosseti Lenenergo was founded in 1886 and is headquartered at Gakkelevskaya Street 21, liter A, in St. Petersburg, Russia. In recent developments, the company reported a 6.3% increase in IFRS net profit to 21.15 billion rubles and 12.8% revenue growth in 2024 versus 2023; acquired 407 km of power transmission lines and 96 transformer substations with over 31 MVA capacity in 2023; and signed a cooperation agreement with National Energy Company (NEC) to advance electric grid modernization, innovative projects, and import substitution using domestic equipment.