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 DTEK and Fluence project 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 keeps developing electricity distribution business, and plans to acquire Kirovogradoblenergo PJSC
30 April 2021, Ukraine
DTEK keeps developing electricity distribution business, and plans to acquire Kirovogradoblenergo PJSC
PDF version
Download
download
Subscribe to our news linkedin

On April 30, 2021, DTEK Grids LLC entered into a purchase and sale agreement for a minority stake in Kirovogradoblenergo PJSC in the amount of 24.5%. DTEK Grids is considering the possibility of acquiring a controlling interest in the Kirovogradoblenergo PJSC Distribution System Operator subject to the relevant approval of the Antimonopoly Committee of Ukraine.

"The main goal of our company is to enhance the reliability of electricity supply, reduce losses and improve the quality of customer service in Kropyvnytskyi and Kirovohrad Region. We plan to implement a comprehensive program of modernization of existing assets, as well as introduce system automation and digitalization of electrical network management at Kirovogradoblenergo PJSC,” says Ivan Geliukh, CEO of DTEK Grids.

DTEK Grids Distribution Systems Operators, DTEK Kyiv Grids and DTEK Dnipro Grids are among the most efficient in the country. According to the results of 2020, the SAIDI indicator (average duration of interruptions per customer a year) equals to 441 minutes in Dnipropetrovsk Region, which is 46% less than the average in Ukraine (816 minutes/year) or 37% less than in Kirovogradoblenergo PJSC (697 minutes/year).

Today, the market for electricity supply to customers is fully competitive. The NEURC National Regulator monitors the operation of distribution system operators, obliging them to ensure unconditional access to the network infrastructure to any electricity supplier. Thus, the concentration of DTEK's new assets complies with the law and the right of customers to have the market opportunity to choose from whom to buy electricity.

In this case, the distribution system operator is a natural monopoly within the specific territory defined by the license. Its volume of distribution, profit and other working conditions are characterized by the specifics of the licensed territory, and the activity is regulated by the National Regulator. Therefore, the concentration of DSOs owned by DTEK complies with the Law of Ukraine "On Natural Monopolies".

DTEK is transforming its business in line with the New Strategy 2030, which is based on the principles of the ESG, values and business responsibility for progress towards the UN General Assembly's sustainable development goals. Network infrastructure is the fundamental for social and economic growth. And the development of all other spheres of the economy is impossible without it. Smart grids are a unifying element for the development of green generation, electrification, and sustainable development.

All news
All news
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 ...
Read DTEK CEO Maxim Timchenko's all-staff message marking 20 years
06 July 2025
Read DTEK CEO Maxim Timchenko's all-staff message marking 20 years
DTEK: Two decades of transformation and investment in Ukraine’s energy security
06 July 2025
DTEK: Two decades of transformation and investment in Ukraine’s energy security
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 DTEK and Fluence project In the media Image library Video library Contact us
Careers
DTEK community Jobs
I confirm the foregoing Do not confirm