3 Dec 2009 16:08

OGK-3 plans boost capacity to 10 GWt by 2020

MOSCOW. Dec 3 (Interfax) - The board of directors at wholesale generating company OGK-3 has upheld plans to increased installed capacity from 8,500 to 10,000 megawatts by 2020, with the replacement of obsolete equipment, the company said in a press release.

OGK-3's investment program provides for the addition of 2,135 MWt of new capacity, costing an estimated 92.4 billion rubles.

OGK-3 "plans to expand its share of the electrical power market by increasing the installed capacity usage ratio," the company said.

MMC Norilsk Nickel is the generating company's controlling stockholder with 65% of shares. OGK-3 includes the Kostroma, Pechora, Cherepetsky, Kharanorsk, Gusinoozersky, and Yuzhnouralsky power plants with combined capacity of 8,500 megawatts.