OGK-4

OJSC The Fourth Generation Company of the Wholesale Electricity Market
OGK-4

Type	Public company
Traded as	RTS:OGKD MICEX:OGK4
Industry	Power generation
Predecessor	RAO UES
Founded	2006
Headquarters	Surgut, Russia
Key people	Sergey Afanasievich Tazin (CEO) Yuri Sablukov [Chairman)
Products	power and heat
Revenue	US$1.5 billion (2010)
Net income	US$197. million (2010)
Employees	5.300
Parent	E.ON
Website	www.ogk-4.ru

The Fourth Generation Company of the Wholesale Electricity Market (OGK-4) (RTS:OGKD, MICEX:OGK4) is a Russian power generation company formed by merger of five generation companies. 78.3% of the company is owned by the German energy company E.ON, the rest of the shares are owned by minority shareholders.^[1]

History and operations

In 2006, the following 5 power plants were merged into one company:

• Surgut-2 Power Station – 5,600 MW,
• Berezovskaya GRES – 1,550 MW
• Shatura Power Station – 1,500 MW
• Smolenskaya GRES – 630 MW
• Yajvinskaya GRES – 1,016 MW

The installed capacity of all five thermal power plants is about 10,296 MW. This comprises about 5% of the generating capacity of RAO UES.

The power output of the OGK-4 power plants in 2007 was around 54.5 TWh. According current innvestment program there is plans to increase original capacity of power plants equal 9,03 GW to more than 11 GW in 2011 with spending for these purposes US$2.89 billion.^[2]

References

1. ^ OGK-4 SHAREHOLDERS’ EQUITY
2. ^ Shuster, Simon (2008-07-17). "E.ON building world's biggest power plant in Russia". Reuters. http://uk.reuters.com/article/idUKL1780642420080717?sp=true. Retrieved 2010-04-02. 

External links

• Official website