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Interview with DTEK CEO Maxim Timchenko at Davos 2024 on CNBC

26 January 2024, Ukraine
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Interview with DTEK CEO Maxim Timchenko at Davos 2024 on CNBC
Interview with DTEK CEO Maxim Timchenko at Davos 2024 on CNBC
Subscribe to our news linkedin

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.


 

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.