OGK-1

Last updated
OJSC OGK-1
Native name
OAO Оптовая генерирующая компания № 1
Romanized name
OAO Optovaya Generiruyushchaya Kompaniya 1
Company type Public (OAO)
Industry Power generation
Predecessor RAO UES
Founded2005 (2005)
Defunct2012
FateMerged into Inter RAO
Successor Inter RAO
Headquarters
Moscow
,
Russia
Key people
Boris Kovalchuck, (CEO)
ProductsPower and heat
RevenueIncrease2.svg US$1.7 billion (2011)
Increase2.svg US$143.3 million (2011)
Number of employees
5,800
Parent Inter RAO
Website www.ogk1.com

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.

Contents

History

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.

Operations

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.

References

  1. ↑ "OGK-1 Board of Directors Called an Extraordinary Meeting of Shareholders to Solve Issues Related to Financing of Priority Investment Projects and Gas Supplies to the Company's Power Stations" (Press release). Inter RAO UES. 2009-11-19. Archived from the original on 2010-09-15. Retrieved 2010-07-10.
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