WGC-3

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JSC The Third Generation Company of Wholesale Electric Market - (JSC WGC-3)
Type public
Traded as RTS:OGKC MICEX:OGKC
Industry Power generation
Predecessor(s) RAO UES
Founded 2004
Headquarters Ulan Ude, Moscow, Russia
Key people Maxim Kuznetsov (CEO)
Products power and heat
Revenue increase US$1.2 billion (2010)
Employees 6,000
Parent Inter RAO
Website www.ogk3.ru

OGK-3 (meaning: The Third Generation Company of the Wholesale Electricity Market – WGC-3; RTS:OGKC, MICEX:OGKC) is a Russian power company. The stock is traded on the RTS and MICEX stock exchanges.

Contents

[edit] 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]

[edit] Operations

OGK-3 owns 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.

[edit] References

[edit] External links

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