JSC The Third Generation Company of Wholesale Electric Market – (JSC WGC-3) | |
Native Name: | OAO Оптовая генерирующая компания No. 3 |
Native Name Lang: | ru |
Romanized Name: | OAO Optovaya Generiruyushchaya Kompaniya 3 |
Type: | Public (OAO) |
Fate: | Merged into Inter RAO |
Predecessor: | RAO UES |
Successor: | Inter RAO |
Foundation: | 2004 |
Defunct: | 2012 |
Location City: | Ulan Ude, Moscow |
Location Country: | Russia |
Key People: | Maxim Kuznetsov (CEO) |
Industry: | Electricity |
Products: | Electrical power and heat |
Revenue: | US$1.2 billion (2010) |
Num Employees: | 6,000 |
Parent: | Inter RAO |
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.
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.
OGK-3 owned following power stations:
The company's registered office is in Ulan Ude in Buryatia, the headquarters are located in Moscow.