DTEK CEO Maxim Timchenko informed in his interview to Bloomberg about results of the WEF Annual Meeting 2022 Davos.
“Now we clearly see that Europe is an energy hostage of putin, having 45% of russian natural gas and 27% of russian oil in generation mix.” – Mr. Timchenko commented.
“It is time to change this and we think that Ukraine will play a crucial role in energy security of Europe. What can we offer is renewables”, - Maxim Timchenko added.
Mr. Timchenko also added that DTEK initiative “30by2030” means not only building solar and wind power plants. This is also about the huge investments into the trans-border capacity, system flexibility (like energy battery storage), in building facilities to produce green hydrogen. The estimated costs of such programme amount to EUR 35-40 bln. DTEK now starts negotiating with potential investors to build a strong alliance together with IFIs and governments (as also the state insurance guarantees are required for the successful launch of the project.
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.