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Since the company’s founding 20 years ago, DTEK has grown into a national energy leader. Today we are transforming into a pan-European clean energy business.
Our businesses generate electricity at wind, solar and thermal power plants, distribute and supply electricity to end consumers, extract natural gas and mine coal, trade energy resources on Ukrainian and foreign markets, and provide domestic and commercial energy services.
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The green transition is profoundly transforming the global energy landscape, and DTEK is embracing this revolution.
DTEK is investing heavily in implementing innovative technologies, establishing new businesses, shaping new capacities, and enhancing the production process.
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SPIEGEL INTERNATIONAL: "We are much better prepared this year" says DTEK CEO
23 November 2023, Ukraine
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SPIEGEL INTERNATIONAL: "We are much better prepared this year" says DTEK CEO
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In an article covering Ukraine's grid preparation for another winter of war, Spiegel International quoted DTEK CEO Maxim Timchenko.
His key messages:
- "We took measures to protect the grid after the invasion, but we didn't expect attacks on this scale."
- "We are much better prepared this year." His company's goal was to restore all losses on the electricity grid from the previous year, which it has managed to accomplish. The imperative is to protect them to the degree possible with expanded air defences, physical protection measures, and ample spare parts.
- "We used our resources to build 114 megawatts of renewables supply at a cost of 200 million euros".
- "To reach 500 megawatts, we would need another 400 million euros. For that, though, we would need support, which we are not currently getting."
- An important step would be decentralizing the energy grid with renewable energies. "One missile can destroy 300 megawatts of our thermal energy production, but not 50 wind turbines with the same output."
Read the full story here
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.
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