JSC The Third Generation Company of Wholesale Electric Market – (JSC WGC-3)

Native name	OAO Оптовая генерирующая компания No. 3
Romanized name	OAO Optovaya Generiruyushchaya Kompaniya 3
Company type	Public (OAO)
Industry	Electricity
Predecessor	RAO UES
Founded	2004
Defunct	2012
Fate	Merged into Inter RAO
Successor	Inter RAO
Headquarters	Ulan Ude, Moscow , Russia
Key people	Maxim Kuznetsov (CEO)
Products	Electrical power and heat
Revenue	US$1.2 billion (2010)
Number of employees	6,000
Parent	Inter RAO
Website	www.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.^[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

External links

• OGK-3 English language web-site