During the coronation celebrations of 1894, an unfortunate incident occurred: the capacity of the only Georgievskaya power station was insufficient for the festive illumination. The city authorities had to urgently seek help from Vera Firsanova, the owner of the Sandunov baths, whose bathhouse power station successfully handled the task and provided the necessary amount of electricity. After this, it was decided to build a new powerful power station on Rausha Embankment, which was put into operation in 1897, after which the old station was closed due to its inefficiency.

The Georgievskaya power station was built in 1888 by the “Joint Stock Company of Electric Lighting of 1886” at the corner of Bolshaya Dmitrovka and Georgievsky Lane, on the site of the garden of the former women's Georgievsky Monastery, which gave the station its name. The building was designed by architect Vladimir Dmitrievich Sher, the son of a well-known bone carving master. The power station was executed in the Russian style with rich decor, corner towers, and large semi-arched windows. Initially, it was equipped with four steam engines and six boilers. By 1897, the station's capacity reached 2000 horsepower, serving 800 subscribers and 25,000 incandescent bulbs with a cable network length of 50 km.

After the power station was closed, the building was used for some time as an exhibition hall. In December 1901, an “electric exhibition” was held here, where Muscovites were shown the “wireless telegraph” invented by A.S. Popov for the first time.

In 1905, one of the first automobile garages was located in the building, and later a “Fiat” car dealership opened.

After the revolution, the former power station housed the first bus depot in Moscow, and later a taxi fleet. The building became known as the “Small Manege.”

Later, a maintenance station for a special-purpose garage was equipped here, where government vehicles were repaired until 1994.

In 1995, by a decree of the Government of Moscow, the building was reconstructed and converted into an exhibition hall called “New Manege,” which opened the following year.