| OJSC OGK-1 | |
| Native Name: | OAO Оптовая генерирующая компания № 1 |
| Native Name Lang: | ru |
| Romanized Name: | OAO Optovaya Generiruyushchaya Kompaniya 1 |
| Type: | Public (OAO) |
| Fate: | Merged into Inter RAO |
| Predecessor: | RAO UES |
| Successor: | Inter RAO |
| Defunct: | 2012 |
| Location City: | Moscow |
| Location Country: | Russia |
| Key People: | Boris Kovalchuck, (CEO) |
| Industry: | Power generation |
| Products: | Power and heat |
| Revenue: | US$1.7 billion (2011) |
| Net Income: | US$143.3 million (2011) |
| Num Employees: | 5,800 |
| Parent: | Inter RAO |
The First Generation Company of the Wholesale Electricity Market (OGK-1) was a large Russian company formed by the merger of six electricity generation companies.
The company was established in 2005 by merging six power plants into one company. Before 1 July 2008, about 92% of the company's shares was owned by RAO UES, Russian state-controlled energy holding company. As a result of the electricity market reform, 43% of shares was transferred to the Federal Grid Company of Russia, 23% to RusHydro, and 34% was distributed to minority shareholders.
On March 17, 2009 the rights under 61,9% of voting shares were transferred to Inter RAO UES for 5 years with the right for extension for the same period. Starting from July 6, 2009 the powers of the sole executive body of OGK-1 were transferred to Inter RAO UES.[1] In 2012, OGK-1 was merged into Inter RAO.
OGK-1 operates following power stations:
The installed capacity of these power stations is about 9,500 MW. This comprises about 5.5% of the generating capacity of RAO UES.
The power output of the OGK-1 power plants in 2006 was around 48 TW.