Russian UES completes registration of last wholesale generation company
Dominant Russian power player Unified Energy Systems (UES) has completed the process of registering six new wholesale generation companies (OGKs) based on thermal power plants. OGK-1, the last of six to be registered, will join 14 smaller territorial generating companies (TGKs) and a single, state-owned hydropower company with an installed generating capacity of 22.5 GW.