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.
History
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.