some-alt
DTEK
About DTEK
Go to: About DTEK Mission, vision, values New strategy 2030 History Contact us Privacy policy Cookie Policy
#FightForLight Standing with Ukraine Our people Awards and Recognitions
Our businesses
Go to: Our businesses DTEK ENERGY DTEK RENEWABLES DTEK OIL&GAS DTEK GRIDS DRI
MODUS X Academy DTEK D. TRADING D. SOLUTIONS
Sustainability
Go to: Sustainability Our sustainability journey Investing in green Environment Standing with Ukraine Our people Governance Policies
Investors
Go to: Investors Governance Sustainability Reports
News and Insights
Go to: News and Insights Media releases In the media Image library Video library Contact us
Careers
Go to: Careers DTEK community Jobs
Toggle High Contrast
EN
UA
Home page News and Insights Media releases

Media releases

  • Home page
  • News and Insights
  • Media releases
  • DTEK Group digest from October 19 – November 2, 2023
03 November 2023, Ukraine
DTEK Group digest from October 19 – November 2, 2023
PDF version
Download
download
Subscribe to our news linkedin
DTEK Group digest from October 19 – November 2, 2023

DTEK WINS HAGUE CASE AGAINST RUSSIA OVER SEIZED CRIMEAN ASSETS

On November 2, DTEK Group announced that The International Arbitral Tribunal seated in the Hague has ordered Russia to pay DTEK $267 million in damages for the seizure of company assets in illegally occupied Crimea. The lawsuit, first filed in 2017, relates to the seizure of the Group's DTEK Krymenergo business, an energy distribution and supply company. russia seized the assets following the occupation of Crimea in 2014.

DTEK OUTLINES PLANS FOR NEW WINDFARM DESPITE WAR

Ukraine’s leading private energy company has launched pre-design details for a new wind power plant. DTEK Renewables has started pre-design works for the Poltavska Wind Power Plant (WPP), which will be in the Hlobyne town community in the Poltava region, around 140 miles (225 km) east of the capital, Kyiv. On 26 October, the company signed a trilateral agreement with the executive committee of the Hlobyne City Council and a specialized certified organization that will provide a range of spatial planning works.

FINANCIAL TIMES: UKRAINE BRACED FOR ATTACKS ON ITS POWER GRID AS WINTER DRAWS IN

Maxim Timchenko, DTEK CEO, is quoted in a story by the Financial Times on the Ukrainian energy system’s winter preparations. In it Mr Timchenko emphasises the advantages of renewable energy in creating a more resilient energy system. He made the point that last winter, after russia completely destroyed one of DTEK’s 300MW coal-burning generator units, it invested in dozens of smaller 6 MW turbines – decentralising energy production and therefore making it harder to take out with one hit.

“They can hit one turbine but 49 would still be operating,” he told the FT.

FINANCIAL TIMES ENERGY TRANSITION SUMMIT: DTEK CEO DISCUSSES UKRAINE'S ENERGY CHALLENGES AND OPPORTUNITIES

On 1 November, Mr Timchenko sat down with global industry leaders in London for the Financial Times Energy Transition Summit. In an interview with the paper’s EU Correspondent Alice Hancock, his said:

  • On green energy: Today, Europe is helping Ukraine defend democracy. In 10 years' time, Ukraine will help defend Europe's energy security with green power.
  • To investors: please don't think of Ukraine only as a warzone. Now is the moment to plan and prepare and understand its untapped potential.
  • On russia's winter attacks: We have learnt many things we never wanted to learn: the best materials to protect grids and power stations; the need to power down systems before an attack; how to route power to the country when lines are down. The key this winter however, will be air defence systems and the resilience of DTEKs heroic employees.

DTEK POWER STATION SEVERELY DAMAGED IN RUSSIAN ATTACK*

A DTEK Energy thermal power plant near frontline fighting with russia was hit in an attack designed to damage Ukraine's energy system late on Monday, October 30.

No employees were hurt, but the attack on civilian infrastructure caused severe damage and knocked out power and water in a nearby town.


KPMG IN UKRAINE COMPLETES DTEK PROJECT TO DOCUMENT CONTROL MECHANISMS USED IN TRACKING FOREIGN ASSISTANCE

DTEK Group has completed a project with KPMG to outline its control framework governing the distribution of international donor assistance. DTEK is one of a handful of Ukrainian companies receiving Western support to commission such a project in its drive to strengthen transparency and anti-corruption safeguards further.

DTEK RENEWABLES TEAM ASSISTS IN THE IMPLEMENTATION OF INTERNATIONAL RENEWABLE ENERGY PROJECTS

Ukrainian specialists of DTEK Renewables remotely provide consultancy on the construction of solar and wind energy projects outside of Ukraine, as they have in-depth experience in implementing renewable energy projects in challenging conditions. 

Since August, the company's employees have been supporting work at construction sites in Romania, where DTEK Group the first foreign renewable energy projects are being implemented. In particular, a 60 MW wind farm and a 50 MW solar power plant are being built there.

BACKGROUND

DTEK Group is the leader and the biggest private investor in Ukraine’s energy sector. DTEK Group employs 55,000 people. Our companies are involved in coal and natural gas extraction; electricity generation from wind, solar, and thermal power plants; energy resources trading in local and international markets; distributing and supplying electricity to consumers; providing energy efficiency services to customers; and developing high-speed charging station networks.
 
Our Strategy 2030 commits DTEK Group to transforming into a more efficient, eco-friendly and technologically advanced business, guided by ESG principles. Our goal is to achieve carbon neutrality by 2040.
 
During the war, DTEK Group has restored power-supply more that 8 million customers in the regions affected by russian hostilities.

All news
All news
Boris Johnson meets DTEK war veterans: We need air defences and technical support to restore Ukraine’s energy system
18 July 2025
Boris Johnson meets DTEK war veterans: We need air defences and technical support ...
“The future’s bright, when you stand up and fight”: Oleksandr Usyk supports DTEK’s international initiative to restore Ukrainian energy sector
15 July 2025
“The future’s bright, when you stand up and fight”: Oleksandr Usyk supports ...
DTEK and Fluence battery storage
10 July 2025
DTEK and Fluence start commissioning phase of Ukraine’s largest battery storage ...
"Our energy powers life": DTEK updates its mission, vision, values and logo to mark the company’s 20th anniversary
08 July 2025
"Our energy powers life": DTEK updates its mission, vision, values and logo to ...
Stay Connected
Find press contacts, images, and information for the news media
E: pr@dtek.com
DTEK
About DTEK
Mission, vision, values New strategy 2030 History Contact us Privacy policy Cookie Policy #FightForLight Standing with Ukraine Our people Awards and Recognitions
Our businesses
DTEK ENERGY DTEK RENEWABLES DTEK OIL&GAS DTEK GRIDS DRI MODUS X Academy DTEK D. TRADING D. SOLUTIONS
Sustainability
Policies and public statements Our sustainability journey Investing in green Environment Standing with Ukraine Our people Governance
Investors
Governance Sustainability Reports
News and Insights
Media releases In the media Image library Video library
Careers
DTEK community Jobs
Sitemap
DTEK 20th Anniversary
Subscribe to DTEK
Stay up to date
DTEK
social media
DTEK CEO
on social media
2005-2025 DTEK
ALL RIGHTS RESERVED
Made by Frontmen, 2020
EN
UA
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
Our sustainability journey Investing in green Environment Standing with Ukraine Our people Governance Policies
Investors
Governance Sustainability Reports
News and Insights
Media releases In the media Image library Video library Contact us
Careers
DTEK community Jobs
I confirm the foregoing Do not confirm