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DTEK in Search of New Fuel Sources
29 May, 2008
Kiev, 29 May 2008. - Within the framework of the implementation of its development strategy, Donbass Fuel-Energy Company is interested in the diversification of raw material sources for thermal generation in Ukraine, particularly in the acquisition of promising coal companies outside Ukraine, which includes Russia.
Mines producing steam coal grades are of priority for the Company. Furthermore, the efficiency of the whole production chain of DTEK requires new coal assets to be geographically close to the company’s generating capacities in Eastern Ukraine.
Currently, Donbass Fuel-Energy Company is considering the acquisition of Chikha mine in the Rostov Region of Russia, where recoverable reserves of steam coal are about 50m tons.
Reference
Donbass Fuel-Energy Company (DTEK) is the first private vertically integrated energy company of Ukraine. It is a part of the financial and industrial group System Capital Management (SCM).
The enterprises of DTEK build up an efficient operational chain of coal production (Pavlogradugol OJSC, Komsomolets Donbassa Mine OJSC) and enrichment (five enrichment plants), electricity generation (Vostokenergo Ltd.) and distribution (Service-Invest Ltd., PES-Energougol OJSC).
DTEK is the leader of the fuel and energy industry in Ukraine. According to 2007 results, the Company’s share in the Ukrainian coal mining industry was 20.9%; its share in thermal generation was 27.0% and 5.4% in electricity distribution.
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