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Bloomberg: DTEK aims to rebuild half of damaged energy facilities, cites air defence as key

19 April 2024, Ukraine

Bloomberg: DTEK aims to rebuild half of damaged energy facilities, cites air defence as key

In a recent article published by Bloomberg, DTEK has announced its plans to rebuild at least 50% of its damaged energy facilities within the next three to four months. DTEK CEO Maxim Timchenko stated that the company has lost a significant part of its production capacity due to the ongoing war and is now working tirelessly to restore operations.

According to the article, DTEK estimates that the repair works will cost $230 million, with the company covering almost half of the expenses and seeking support from partners and allies to cover the remaining costs.

Timchenko emphasised the importance of effective air defence systems, stating that "passive defence does not help when five to six rockets hit a plant simultaneously."

Read the full article on the Bloomberg.

ABOUT DTEK

DTEK Group is the largest private investor in the energy sector of Ukraine. The Group employs 55,000 people.

DTEK Group's companies are engaged in coal and natural gas mining, electricity production at wind, solar and thermal power plants, trade energy resources in the Ukrainian and international markets, distribute and supply electricity to consumers, provide energy-efficient services to customers, and develop a network of high-speed charging stations. In accordance with the Strategy 2030, DTEK strives to transform into a more energy-efficient, environmentally friendly and technological business, guided by ESG principles. DTEK is a member of the World Economic Forum's Partnering Against Corruption Initiative (PACI). Our goal is to achieve carbon neutrality.

Since the beginning of the full-scale invasion, DTEK Group has restored power supply to more than 11 million consumers in the regions affected by the hostilities. DTEK Group is 100% owned by SCM Limited. The ultimate beneficiary is Rinat Akhmetov.