OGK-1

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.

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
Founded	2005 (2005)
Defunct	2012
Fate	Merged into Inter RAO
Successor	Inter RAO
Headquarters	Moscow , Russia
Key people	Boris Kovalchuck, (CEO)
Products	Power and heat
Revenue	US$1.7 billion (2011)
Net income	US$143.3 million (2011)
Number of employees	5,800
Parent	Inter RAO
Website	www.ogk1.com

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:

• Permskaya GRES – 2,400 MW,
• Nizhnevartovskaya GRES – 1,600 MW
• Iriklinskaya GRES – 2,430 MW
• Kashirskaya GRES - 1,580 MW
• Verkhne-Tagilskaya GRES – 1,497 MW
• Urengoyskaya GRES - 24 MW.

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.