In an interview with DW News during the Ukraine Recovery Conference in Berlin (URC), DTEK CEO Maxim Timchenko shed light on the critical energy situation in Ukraine and the company's initiatives to address the challenges posed by russian attacks on the country's power infrastructure.
He revealed that since the end of March, russian airstrikes have destroyed 90% of Ukraine's thermal power generation capacity, 30% of hydropower facilities, and an overall 50% of the nation's total generation mix, a situation he described as "russian energy terror."
While DTEK has managed to maintain power supply to critical infrastructure, defence industries, and enterprises, the situation is deteriorating. Timchenko emphasised the need for consolidated efforts between energy companies, the government, and international allies and partners to tackle the crisis.
Among the key measures outlined by the DTEK CEO are plans to increase cross-border electricity imports from Europe by 30-35% and the acquisition of decommissioned coal and gas power station equipment from over 15 countries to be dismantled and installed in Ukraine's power plants, providing a quicker solution for the upcoming winter.
However, Timchenko warned that these efforts could be rendered futile without a robust air defence system to protect Ukraine's power stations from repeated attacks. He stressed that a strong air defence is crucial to safeguard the country's energy infrastructure and ensure the effectiveness of the restoration efforts.
Notably, he highlighted the irony of the war accelerating the decarbonisation process in Ukraine, with renewables now viewed as a more resilient and secure generation source compared to traditional coal, gas, or nuclear power plants. DTEK is ready to build 1.5 gigawatts of renewable energy projects, further underscoring the importance of energy diversification and security.
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.
