Leningrad regional energy supplier Lenenergo is likely to approve in March its $370m 2010 investment program, CEO Dmitry Ryabov said.

Of the total, $200m is an estimated grid construction budget; an upgrade of the existing substations and lines will require around $90m; and as much as $80m may go into plugging the Nord Stream gas pipeline project to energy sources.

Lenenergo is one of the largest electrical grid companies in Russia’s North-West.