OGC-3

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JSC The Third Generation Company of Wholesale Electric Market - (JSC WGC-3)
Type Public (OAO)
Traded as MCXOGKC
Industry Electricity
Predecessor(s) RAO UES
Founded 2004
Headquarters Ulan Ude, Moscow, Russia
Key people Maxim Kuznetsov (CEO)
Products Electrical 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; traded as: MCXOGKC) is a Russian power company. The stock is traded on the MICEX-RTS stock exchange.

History[edit]

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]

Operations[edit]

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.

References[edit]

  1. ^ "OGK-3 did not challenge the court decision on bankruptcy Rusia Petroleum". Rusmergers.com. 2010-06-19. 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[edit]