WGC

WGC may refer to:

OGC-3

OGK-3 (meaning: The Third Generation Company of the Wholesale Electricity Market – WGC-3) is a Russian power company. The stock is 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.

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%.

Operations

OGK-3 owns following power stations:

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