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

19 April 2024, Ukraine
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<strong>Bloomberg:</strong> DTEK aims to rebuild half of damaged energy facilities, cites air defence as key
Bloomberg: DTEK aims to rebuild half of damaged energy facilities, cites air defence as key
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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.

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.