18 May 2009, Pavlograd, Dnepropetrovsk Region. A delegation from Britain’s National Union of Mineworkers (NUM) recently spent two days at Pavlogradugol (DTEK) at the invitation of the Dnepropetrovsk Territorial Organization of Mineworkers’ Trade Union (DTO MTU).

The purpose of the visit was to exchange views on creating safe working conditions for miners’ work, their rehabilitation, training, etc... The NUM representatives were particularly interested in the performance of Pavlogradugol, the largest coal mining company in Ukraine, as a result of the recent revival of the coal industry in Great Britain, where the previously closed mines have been re-opened and the commissioning of new coal mining companies is planned.

The British guests visited Zapadno-Donbasskaya mine (one of Pavlogradugol’s mines), where they met the representatives of the company’s administration and trade union and saw first hand the miners’ working conditions underground. The delegation also visited the social facilities of Pavlogradugol – the ‘Samara’ sanatorium, a medical base for the prevention and treatment of professional miners’ diseases, as well as the ‘Sergey Markov’ and ‘Prolisok’ children’s rehabilitation camps. At the end of the visit, the representatives of the NUM, Pavlogradugol and central committee of Dnepropetrovsk Territorial Organization of Mineworkers’ Trade Union held a round table discussion on the state of the Ukrainian coal mining industry and labour safety. The top managers of Pavlogradugol told their guests about the advantages of the company’s performance as a part of the vertically integrated company DTEK and described the activities aimed at raising the level of labour safety and social protection of the company’s employees.

Chris Kitchen, the Head of the National Union of Mineworkers, said:

”We were very pleased by the hearty welcome we received at Pavlogradugol. The openness of the company’s management to share experiences is worth a special mention. It was very interesting for us to understand that in Ukraine coal remains one of the strategic energy resources. After all, in our country it was considered for long time that coal use remained in the past. It is not a secret that the coal mining industry in Great Britain was in decline for a long time, but today the attitude is changing. That is why we try to maintain relationship with our Ukrainian colleagues and miners from the other countries. Because no matter where we live, we face similar challenges, which can be resolved only taking into consideration positive experience of each other’. 

Reference

DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and enrichment, electricity generation and distribution.

The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five enrichment plants. According to 2008 performance results, the Company’s share in the Ukrainian coal mining industry was 22.6%.

The generation business of DTEK is represented by Vostokenergo and the associated Dneproenergo Company, in which DTEK owns 47.46%. According to 2008 performance results, the share of Vostokenergo and Dneproenergo in thermal generation of Ukraine was 25.4% and 22.4% respectively.

Service-Invest and PES-Energougol represent the electricity distribution business of DTEK. Their share of electricity purchase in SE Energorynok in 2008 made 6.5%.
 

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This document may contain forward-looking statements related to the planned measures or future financial indicators of DTEK. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” or the negatives of these terms or variations of them and similar expressions are intended to identify such forward-looking statements. Accordingly, actual results may differ materially from those expressed or implied by the forward-looking statements. We undertake no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. By their nature, forward-looking statements are subject to numerous assumptions, risks and uncertainties. Such risks include concerns over the general economic status, environment and risks associated with the doing business in Ukraine, significant technological and environmental changes in our sector, as well as many other risks specifically applicable to DTEK and its business.


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