The Lukoil — POWER NETWORKS limited liability company was created by board decision of JSC "LUKOIL" on July 1, 2008 within the program implementation of strategic development for 2008-2017 in JSC "LUKOIL" providing formation of the new business sector – Power industry. Lukoil-ENERGOSETI LLC is created based on selection of non-core production of subsidiaries of JSC "LUKOIL" and off-centering of operational responsibility on the specialized electric grid company which was headed by Evgeny Borisovich Lyulin.
The personnel (over 5 thousand people) were transferred to structure of newly created Society and also power grid and electrotechnology equipment more than one and a half tens specialized organizations of the Lukoil Group in all territory of the Russian Federation is put into operation. Functions of the uniform network operator of the organizations of the Lukoil Group performing electric power transmission, operation, operational management, maintenance, construction, reconstruction, upgrade, routine maintenance and overhaul repairs of power grid and electrotechnology equipment are assigned to Society.
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