Anatoly Chubais, Chairman of the Management Board of UES of Russia, and Valery Serdyukov, Governor of the Leningrad Region, signed a similar agreement on June 9, 2007. The amount of funding for Lenenergo facilities exceeded RUR 26 billion.
Saint Petersburg received 927 MVA of additional transformer capacity in 2007 alone. A total of four new 110-kV substations were built: Lakhta, Strelna, Osinovaya Roscha-2, and IKEA-Parnas. In addition to installing new energy sources, important work was also done on reconstructing 11 existing substations, while simultaneously increasing their production capacity.
Lenenergo received the status of an independent IDGC within the change of configuration of interregional distribution grid companies (IDGCs) in 2007.