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  • Bloomberg Pulse: DTEK CEO Maxim Timchenko outlines vision for Ukraine's energy sector
27 February 2025, Ukraine
Bloomberg Pulse: DTEK CEO Maxim Timchenko outlines vision for Ukraine's energy sector
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Bloomberg Pulse: DTEK CEO Maxim Timchenko outlines vision for Ukraine's energy sector

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."

 

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About DTEK

DTEK Group is the largest private investor in the energy sector of Ukraine. The companies of the DTEK Group employ 55,000 employees.

The companies of the DTEK Group are engaged in the generation of electricity at wind, solar and thermal power plants, in the production of natural gas and coal, and in the trading of energy resources on the Ukrainian and international markets, distribute and supply electrical energy to residents, provide energy-efficient services to customers, and develop high-power charging stations.

In line with the New Strategy 2030, DTEK Group will continue to transform itself into a more efficient, environmentally friendly and technologically advanced business, guided by ESG principles.

DTEK Group is a member of the Partnership Against Corruption initiative of the World Economic Forum (PACI).

Meta DTEK – achieves carbon neutrality.

With the start of a large-scale invasion in 2022, DTEK  Group has renewed electricity supply for up to 17 million people.

DTEK Group is 100% owned by SCM Holdings. The final beneficiary is Rinat Akhmetov.

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About DTEK
Mission, vision, values New strategy 2030 History Contact us Privacy policy #FightForLight Standing with Ukraine Our people Awards and Recognitions Cookie Policy
Our businesses
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Media releases DTEK and Fluence project In the media Image library Video library Contact us
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