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OGK-3

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JSC The Third Generation Company of Wholesale Electric Market – (JSC WGC-3)
Native nameOAO Оптовая генерирующая компания No. 3
Romanized nameOAO Optovaya Generiruyushchaya Kompaniya 3
Company typePublic (OAO)
IndustryElectricity
PredecessorRAO UES
Founded2004
Defunct2012
FateMerged into Inter RAO
SuccessorInter RAO
HeadquartersUlan Ude, Moscow, Russia
Key peopleMaxim Kuznetsov (CEO)
ProductsElectrical power and heat
RevenueIncrease US$1.2 billion (2010)
Number of employees6,000
ParentInter RAO
Websitewww.ogk3.ru

OGK-3 (meaning: The Third Generation Company of the Wholesale Electricity Market – WGC-3) was a Russian power company. The stock was traded on the MICEX-RTS stock exchange.

History

OGK-3 was formed in 2004 by merger of six electricity generation companies as a part of restructuring of RAO UES, Russian state-controlled energy holding company. In 2007, after emission of its new shares, Norilsk Nickel became the largest shareholder in the company.

In 2008, OGK-3 acquired 24.99% in Rusia Petroleum, an operator of the Kovykta gas field. However, in 2010 Rusia Petroleum went bankruptcy.

In December 2010, it was announced that Inter RAO will acquire Norilsk Nickel's stake in OGK-3 increasing its stake in the company up to 85%. In 2012, OGK was merged into Inter RAO.

Operations

OGK-3 owned following power stations:

  • Kostroma SDPP – 3,600 MW
  • Pechora SDPP – 1,060 MW
  • Cherepetsk SDPP – 1,425 MW
  • Kharanorsk SDPP – 430 MW
  • Gusinoozersk SDPP – 1,100 MW
  • Yuznouralsk SDPP – 882 MW.

The company's registered office is in Ulan Ude in Buryatia, the headquarters are located in Moscow.

References

  1. "OGK-3 did not challenge the court decision on bankruptcy Rusia Petroleum". Rusmergers.com. 2010-06-19. Archived from the original on 2011-07-15. Retrieved 2011-01-01.
  2. Shiryaevskaya, Anna; Khrennikov, Ilya (2010-12-29). "Inter RAO May Sell $2 Billion of Shares After Consolidation". Bloomberg. Retrieved 2011-01-01.

External links

Electricity sector in Russia
History
Power generation
Power grids
Vertically integrated
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