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BBC News: DTEK CEO discusses Ukraine's energy resilience on Talking Business

09 October 2024, Ukraine
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<strong>BBC News:</strong> DTEK CEO discusses Ukraine's energy resilience on Talking Business
BBC News: DTEK CEO discusses Ukraine's energy resilience on Talking Business
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BBC's Talking Business recently featured an interview with DTEK CEO Maxim Timchenko, where he discussed the challenges of maintaining Ukraine's power supply amid ongoing russian attacks as winter approaches.

During the conversation with host Ben Thompson, Mr. Timchenko highlighted the extensive damage inflicted on Ukraine's energy infrastructure, noting that approximately 50% of the country's generation capacity has been destroyed by five waves of russian attacks since April.

Despite these challenges, DTEK,  other Ukrainian energy companies and the Ministry of Energy are working tirelessly to prepare for the upcoming winter. Mr. Timchenko emphasised the coordinated efforts across the industry, including:

  • Redistributing equipment between power stations.
  • Utilising equipment from decommissioned European power stations.
  • Receiving support from international allies, including USAID, the European Union, and the UK.

The DTEK CEO also praised the resilience of the company's workforce: "When they destroy, we restore. They destroy again, we restore again," Timchenko stated, highlighting the determination of Ukraine's energy sector.

To watch the full interview on YouTube click here

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DTEK Group is the largest private investor in Ukraine’s energy sector, with 55,000 employees and over €12 billion of capital invested since 2005.

Our businesses generate electricity at wind, solar and thermal power plants; distribute and supply power to end consumers; extract natural gas and coal; trade energy resources on Ukrainian and foreign markets; and provide domestic and commercial energy services.

Over the last 20 years, DTEK has grown into a national energy leader and is today transforming into a pan-European clean energy business.

Since the full-scale invasion of Ukraine in 2022, DTEK Group has restored power to millions of consumers across regions affected by hostilities.

DTEK Group is 100% owned by SCM Holdings. The ultimate beneficiary and sole shareholder is Rinat Akhmetov, a businessman and philanthropist.