The Washington Post has reported on the critical need for Ukraine’s energy companies to repair the power stations damaged by russian missiles before winter.
DTEK CEO Maxim Timchenko said: “We need to get out of this cycle: destruction, repair, destruction — meaning we can lose everything if we don’t have proper air defence systems.”
If Ukraine’s energy companies accomplish all that they have set out to do, “we can go through next winter and avoid disaster,” he said. But for this, Ukraine needs Western support — including financial aid for purchases — and most of all air defence systems and ammunition.
“We are confident in what we are doing, we are confident that we can cope with this, we are confident that they will not destroy the power system, our company and Ukraine,” he said. “We know what to do. But we need help.”
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.