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  • The Economist: Half Ukraine’s power is knocked out; winter is coming
16 July 2024, Ukraine
The Economist: Half Ukraine’s power is knocked out; winter is coming
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The Economist: Half Ukraine’s power is knocked out; winter is coming

“The chug of generators has returned to Kyiv's streets and there are power cuts in every Ukrainian city. Russian attacks continue. There are not enough air-defense batteries to knock out all the missiles.”

The Economist reports on the extensive damage to Ukraine's power infrastructure and the efforts to maintain electricity supply in the face of ongoing attacks. The piece featured insights from DTEK, Ukraine's largest private energy company, and its CEO Maxim Timchenko.

Detailing the destruction of power plants across Ukraine, the story highlights damage to DTEK's generating capacity; 90% of thermal generation has been damaged or destroyed this year. Despite these challenges, the company is exploring innovative solutions to restore and diversify Ukraine's energy sources.

Timchenko emphasized the unexpected positive outcome of the conflict on Ukraine's energy sector: "The irony of this destruction and this war is that it accelerated the decarbonization of the energy industry of Ukraine."

He highlighted DTEK's recent completion of a 114MW wind farm near the front line and the company's quick response in repairing damaged solar installations.

The DTEK CEO also emphasized the strategic advantages of renewable energy sources in the current context.

"It's only one missile to destroy a 300MW coal-fired power station," Timchenko noted. "But they need 50 missiles to destroy the same capacity in a wind farm."

For more details on Ukraine's energy challenges and DTEK's response, read the full article in The Economist.

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

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About DTEK
Mission, vision, values New strategy 2030 History Contact us Privacy policy #FightForLight Standing with Ukraine Our people Awards and Recognitions Cookie Policy
Our businesses
DTEK ENERGY DTEK RENEWABLES DTEK OIL&GAS DTEK GRIDS DRI MODUS X Academy DTEK D. TRADING D. SOLUTIONS
Sustainability
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Investors
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News and Insights
Media releases DTEK and Fluence project In the media Image library Video library Contact us
Careers
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