OGK-3

Infobox_Company
company_name = OJSC OGK-3
company_
company_type = Joint stock
company_slogan = "The power of growth"
foundation = November 23, 2004
location = flagicon|RUS Ulan Ude, Moscow|
key_people = Maxim Kuznetsov, General Director
Valeriy Bolshakov, Deputy General Director
num_employees = ~6,000
revenue = ~
industry = Energy
products = Electric energy
Heat energy
homepage = http://www.ogk3.ru/eng/

The Third Generation Company of the Wholesale Electricity Market (OGK-3) (MICEX|OGKC RTS|OGKC) is a new Russian company formed by merger of 6 electricity generation companies. About 60% of the company's stock has been owned until recently by OAO RAO UES of Russia, Russian state-controlled energy holding company. On March 10, 2007 the Company announced that it would sell its new share issue to Norilsk Nickel, which will result in RAO UES's stake being diluted to 37% and Norilsk Nickel becoming the largest shareholder in the Company with over 45% stake. The stock is traded on the RTS and MICEX stock exchanges.

History and operations

In 2004, the following 6 power plants were merged into one company:

*Kostroma SDPP – 3600 MW, Kostroma
*Pechora SDPP – 1060 MW, Pechora
*Cherepetsk SDPP – 1425 MW
*Kharanorsk SDPP - 430 MW
*Gusinoozersk SDPP – 1100 MW
*Yuznouralsk SDPP - 882 MW.

The company's registered office is in Ulan Ude in Buryatia, the headquarters are located in Moscow.

The installed capacity of all six thermal power plants is about 8500 MW. This comprises about 5% of the generating capacity of RAO UES.

The power output of the OGK-3 power plants in 2005 was around 28 billion kWh.

External links

* [http://www.ogk3.ru/eng/ OGK-3 English language web-site]
* Unified Energy System