DTEK CEO Maxim Timchenko shared his vision for Ukraine's energy sector during a live interview on Bloomberg Pulse today. Speaking to Bloomberg’s Francine Lacqua, the discussion highlighted recovery efforts, investment opportunities, and the country's accelerated green transition amid ongoing war.
During the interview, Timchenko emphasised that Ukraine welcomes all investment-related initiatives, noting the significant capital needed to rebuild the country's infrastructure.
"We need a lot of capital and funds to recover our country, to rebuild our infrastructure," he stated, adding that investor appetite is showing positive signs.
Timchenko outlined a unique opportunity to build "one of the best energy systems in Europe" by implementing clean power generation and digital grid technologies. He revealed that some of the thermal generation that has been rendered unrecoverable by russian attacks is being replaced with more resilient renewable projects including wind parks, solar installations, and battery storage.
"The irony in this war is that green transition accelerated in Ukraine because of this destruction," Timchenko noted, explaining that older technologies are being replaced with clean energy solutions. He envisions Ukraine's future generation mix consisting primarily of nuclear and renewables, potentially making it "the first country with such a scale of energy system and power production where we have all clean" energy.
The DTEK CEO also highlighted the security advantages of renewable facilities, which can be restored within days following attacks, compared to thermal generation that requires months or years to rebuild. Looking ahead, Timchenko expressed confidence that post-war Ukraine will play "an absolutely different role in energy security of Europe."
