WGC-3

WGC-3

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WGC-3

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

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<!-- this is not misspelling, Russia in this company name is spelled with a single 's' -->, 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%.

Operations

OGK-3 owns following power stations:

  • Kostroma SDPP – 3,600&nbsp;MW
  • Pechora SDPP – 1,060&nbsp;MW
  • Cherepetsk SDPP – 1,425&nbsp;MW
  • Kharanorsk SDPP - 430&nbsp;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



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