Rosseti Lenenergo
Since 1886
Russia
North-West Federal District of the Russian Federation
St. Petersburg
197227, moon. Dolgoe Lake County vn. ter. g., st. Gakkelevskaya, d. 21, letter A
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PJSC Rosseti Lenenergo (formerly OJSC Lenenergo) is the oldest and one of the largest distribution and grid companies in Russia. Provides power supply to consumers of St. Petersburg and Leningrad Region.
Performance indicators
2023: Revenue growth by 14.5% to RUB 108.78 billion
The revenue of PJSC Rosseti Lenenergo in 2023 reached 108.78 billion rubles, which is 14.5% more compared to 2022. Net profit in 2023 amounted to 20.75 billion rubles, an increase of 15.4% compared to profit a year ago. Such reporting under RAS was published in April 2024.
According to Interfax, citing materials from PJSC Rosseti Lenenergo, in 2023 the company's cost of sales amounted to 75.97 billion rubles, rising by 14.1% compared to a year ago. Profit from sales on an annualized basis increased by 15.8% - from 28.28 billion to 32.76 billion rubles. The company's operating profit decreased by 9.5%, to 22.12 billion rubles. EBITDA grew by almost a third and reached 61.27 billion rubles.
It follows from the company's materials that within 2023 year 407 km of power transmission lines and 96 transformer substations with a total capacity of more than 31 MBA were transferred to the ownership of PJSC Rosseti Lenenergo. In addition, the company received the right to temporarily own over 148 km of networks, as well as substations with a capacity of 195 MVA.
As of the end of 2023, the company serves an area of 87.1 thousand square meters. km with a population of more than 6 million people. The power grid complex includes 38.8 thousand km of overhead power lines, almost 16 thousand km of cable routes and more than 13.8 thousand substations of different voltage classes.
The total installed transformer capacity of PJSC Rosseti Lenenergo in 2023 reached 36,216 MVA, which is 2.8% more than a year earlier. The added capacity during this time decreased by 2%, to 1103 MVA, and the useful vacation rose from 32.05 million to 32.34 million kWh. Losses in the networks of Rosseti Lenenergo in 2023 increased by 1.4% and amounted to 4208 kWh.[1]
2022: Annual revenue growth by 1.8% to RUB 95.2 billion
At the end of 2022, PJSC Rosseti Lenenergo raised 95.2 billion rubles, which is 1.8% more than a year earlier. The company's net profit during this time increased by 50.6% and reached 19.86 billion rubles. Such IFRS data were released in mid-April 2023.
According to Interfax, citing materials from Rosseti Lenenergo, the company's EBITDA in 2022 amounted to 46.73 billion rubles, which is 10.5% higher than a year earlier. Operating expenses increased by 4.9%, to 69.73 billion rubles, operating profit increased by 44.4%, to 24.45 billion rubles.
 | The financial result of PJSC Rosseti Lenenergo under IFRS for 2022 increased by 6.7 billion rubles compared to last year due to the transition to the model of accounting for fixed assets at historical value. At the same time, net debt decreased to 11.4 billion rubles due to temporarily free liquidity, - said Alexander Gridin, Deputy General Director for Economics and Finance. |  |
As of December 31, 2022, net debt/EBITDA of PJSC Rosseti Lenenergo was 0.24x versus 0.57x at the end of 2021.
PJSC Rosseti Lenenergo is a large power grid company operating in the north-west of Russia. By the end of 2022, the company served an area of 85.3 thousand square meters. km with a population of 7.2 million people. The power grid complex includes over 49 thousand km of overhead power lines, more than 30 thousand km of cable routes and more than 25 thousand substations of different voltage classes. The main shareholders of the company are PJSC Russian Networks (67.48% of ordinary shares).[2]
History
2024: Rosseti Lenenergo bought 75% of LOESK
Rosseti Lenenergo"" buy the energy company LOESK, which became known in early May 2024. The deal was approved by the president. Russia Vladimir Putin More. here
2012
Mission and Strategy
As of July 2012, the open joint-stock company of power and electrification Lenenergo served a large market - the territory of St. Petersburg and the Leningrad Region with an area of 86.739 thousand square meters. km, where 6.5 million people live (4.6% of the total population of the country).
The mission of OJSC Lenenergo is to ensure reliable and uninterrupted supply of high-quality and environmentally friendly electricity to consumers in St. Petersburg and the Leningrad Region and to meet the increasing demand for electric energy and capacity.
Strategy of OJSC Lenenergo:
- ensuring the operational efficiency of OJSC Lenenergo;
- the formation and development of the power grid infrastructure in the regions of the company's activities - St. Petersburg, Leningrad Region;
- increase of investment attractiveness of OJSC Lenenergo
The most effective management system and high professionalism of OJSC Lenenergo employees are aimed at achieving the common goals of the company's development and the state as a whole.
Key Figures and Facts
According to information as of July 2012, the total length along the route of the overhead power lines of Lenenergo OJSC is 36,273,6 km, including:
- single-circuit overhead lines on metal supports - 546.1 km
- single-chain overhead lines on reinforced concrete supports - 28 027.2 km
- single-line overhead lines on wooden supports - 4,555,1 km
- two-circuit overhead lines on metal supports - 1,087,7 km
- two-chain overhead lines on reinforced concrete supports - 2,057,5 km.
The length of overhead lines along the chains is 39,418,8 km.
Length of agricultural transmission lines along the route:
- 0.4 kV overhead lines - 10,245 km, KL-0,4 kV - 516 km
- Overhead lines 6-10 kV - 15 194 km, KL-6-10 kV - 450 km
- Overhead lines 35-110 kV - 5,065 km.
9 branches. 42 districts of electric networks.
Total number of substations PS 35-110 kV having:
- two transformers and more - 329 PS
- double power supply - 332 PS
- voltage control under load - 276 PS.
Main areas of activity
- provision of electricity transmission services and other services inextricably connected with the process of electricity supply to consumers;
- technological connection of energy receiving devices (power plants) of legal entities and individuals to electric networks.
Tariffs for the services provided by the Company shall be set by the state: regional regulators within the framework of the Federal Tariff Service decision.
(data current as of July 2012)
2008
Since July 01, 2008, Lenenergo has been among the 11 distribution network companies created as a result of the reform of RAO UES of Russia.
1993
OJSC Lenenergo was established in accordance with the Decrees of the President of the Russian Federation No. 922 (dated 14.08.92), No. 923 (15.08.92), No. 1334 (dated 5.11.92), registered by the decision of the Registration Chamber of the St. Petersburg City Hall of January 22, 1993 No. 2518. The company is the successor of the state enterprise of power and electrification "Lenenergo."
1917
In December 1917, the 1886 Society was nationalized, and after several transformations and name changes in 1932 it received the name that it still bears - Lenenergo.
1886
The history of Lenenergo began with the establishment of the Electric Lighting Society in St. Petersburg, the charter of which was approved by Emperor Alexander II on July 16, 1886. This date is considered not only to be the day of the founding of Lenenergo, the oldest electric company in the country, but also the beginning of the "electric" era of Russia.
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