EN
UA
Home page News and Insights Company announcements

DTEK Group invested UAH 300 million into restoration of grids in Kyiv region

18 May 2022, Ukraine
Subscribe to our news linkedin
DTEK Group invested UAH 300 million into restoration of grids in Kyiv region
DTEK Group invested UAH 300 million into restoration of grids in Kyiv region
Subscribe to our news linkedin

DTEK Group invested UAH 300 million into restoration of grids in Kyiv region that had been destroyed by the war. This was reported by Mr. Maxim Timchenko, the Group’s CEO.

“Restoration of grids in Kyiv region became a truly unprecedented repair campaign in terms of its scale. Over the course of 45 days, we restored some 10 thousand cable lines, part of which were completely destroyed, and around 3 thousand transformer substations. We engaged more than one thousand of the Company’s professionals and more than 150 maintenance crews. The Company invested around UAH 300 million into restoration of electricity supply - to restore electric power for 260 thousand families and households in Kyiv region that suffered from russian occupation, as soon as possible,” reported Maxim Timchenko.

At first, the plan was to finish the restoration works in 60 days, before June 1. In order to speed up the whole process, the Company additionally engaged its maintenance crews from Dnipropetrovsk and Odesa regions.

According to DTEK’s CEO, the second and an even more complex stage is still ahead – i.e., restoration of backup power sources and creating more reliable electric supply schemes. At this stage, the minimum of UAH 600 million is supposed to be invested.

In total, DTEK’s energy workers restored power supply for some 1.6 million families in 5 regions since the start of the war. These are Kyiv, Donetsk, Dnipropetrovsk and Odesa regions, as well as the city of Kyiv.

“From day one of the war, our energy workers use their best efforts to bring back the lights to the homes of Ukrainians as soon as possible. In total, during 84 days of warfare, DTEK’s energy workers restored power supply for more than 1.6 million Ukrainian families,”

said 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.