OGK-3

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.

JSC The Third Generation Company of Wholesale Electric Market – (JSC WGC-3)
Native name
OAO Оптовая генерирующая компания № 3
OAO Optovaya Generiruyushchaya Kompaniya 3
TypePublic (OAO)
IndustryElectricity
FateMerged into Inter RAO
PredecessorRAO UES
SuccessorInter RAO
Founded2004
Defunct2012
Headquarters
Ulan Ude, Moscow
,
Russia
Key people
Maxim Kuznetsov (CEO)
ProductsElectrical power and heat
Revenue US$1.2 billion (2010)
Number of employees
6,000
ParentInter RAO
Websitewww.ogk3.ru

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.[1]

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%.[2] 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.
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