OGK-1
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Native name
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OAO Оптовая генерирующая компания № 1 |
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Romanized name
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OAO Optovaya Generiruyushchaya Kompaniya 1 |
| Public () | |
| Traded as | MCX: OGKA |
| Industry | Power generation |
| Fate | Merged into Inter RAO |
| Predecessor | RAO UES |
| Successor | Inter RAO |
| Founded | 2005 |
| Defunct | 2012 |
| Headquarters | Moscow, Russia |
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Key people
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Boris Kovalchuck, (CEO) |
| Products | Power and heat |
| Revenue |
 US$1.7 billion (2011)
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US$143.3 million (2011)
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Number of employees
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5,800 |
| Parent | Inter RAO |
| Website | www |
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. 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.
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Wikipedia