Interview with DTEK CEO Maxim Timchenko at Davos 2024 on CNBC DTEK in Ukraine: energy, light and heat for society.

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Interview with DTEK CEO Maxim Timchenko at Davos 2024 on CNBC

26 January 2024,

Interview with DTEK CEO Maxim Timchenko at Davos 2024 on CNBC

During his conversation with CNBC at Davos 2024, DTEK CEO Maxim Timchenko emphasized that Ukrainian businesses aim to reshape the narrative surrounding their country, steering away from its portrayal as a war zone that discourages potential investments.

«First – Ukraine is in Davos. Ukraine is at the top of the global agenda. Ukraine is very well taken here. We are here to mobilize capital to defend our economy. We need to discover Ukraine for people during this time. We don`t want Ukraine to be seen as a war zone where no investment can come at this moment in time. And we bring our examples. DTEK built a wind farm during the war and invested 200 million euros; we signed a new deal to invest another 450 million euros in the second phase of the wind farm. We develop our project outside of Ukraine. So, it’s the best argument from our side to partners, financial institutions, and energy companies - look at us, come to Ukraine, see what is happening on the ground, and take advantage of first more», explained Maxim Timchenko.

About DTEK

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 nine million consumers in the regions affected by the hostilities. DTEK Group is 100% owned by SCM Limited. The ultimate beneficiary is Rinat Akhmetov.