The Financial Times on Sunday devoted its frontpage story to an interview with DTEK CEO Maxim Timchenko, who highlighted the urgent need for US aid to bolster the resilience of Ukraine's energy sector against russian attacks.
In an article titled Ukraine risks losing ‘energy war’ with Russia, sector boss warns Mr. Timchenko underscored the pivotal importance of timely assistance in safeguarding Ukraine's energy infrastructure, crucial for both economic stability and national security amidst the ongoing war.
“Ukraine’s victory depends not only on the people on the frontline, but also how our economy survives. How our industries and regular businesses keep operating,” Timchenko said.
Read the entire story here (paywall)
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.