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DTEK to present vision of Ukraine's role in renewed EU energy security at WEF in Davos

22 May 2022, Ukraine
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DTEK to present vision of Ukraine's role in renewed EU energy security at WEF in Davos
DTEK to present vision of Ukraine's role in renewed EU energy security at WEF in Davos
Subscribe to our news linkedin

The World Economic Forum (WEF) will take place on May 23-27 in Davos, Switzerland. The central theme of the entire WEF 2022 is "Working Together, Restoring Trust". DTEK Group strongly believes that the Ukrainian issue should also be central to the global leaders' discussions! For this reason, DTEK takes an active position and initiates a public debate entitled "The end of russian blackmailing and the renaissance of Ukraine: a new energy security strategy for Europe»" to be held during the same days in Davos.

For over 50 years the World Economic Forum (WEF) has been bringing together leaders from across the globe in Davos. This year's Davos in May will be the first global event since the outbreak of the COVID-19 pandemic where global leaders will meet offline again.

Topics on the agenda will include the pandemic recovery, tackling climate change, building a better future for work, accelerating stakeholder capitalism, and harnessing the technologies of the Fourth Industrial Revolution.

DTEK Group strongly believes that the Ukrainian issue should also be central to the global leaders' discussions! For this reason, DTEK takes an active position and initiates a public debate entitled "The end of russian blackmailing and the renaissance of Ukraine: a new energy security strategy for Europe»" to be held during the same days in Davos.

The Ukrainian energy sector has vast potential in supporting European energy security. It has previously acted as a stable corridor between Europe and Russia, and its existing interconnection with a number of European countries and energy storage infrastructure – as well as its advantageous geographic position – can now be harnessed to benefit Europe.

During the event, a policy paper by the British think tank, the Council on Geostrategy, will be presented that specifies exactly how Ukraine will be able to bolster European energy security.

Key issues to discuss:

  • The necessity of revising Europe’s energy security strategy in order to reduce the bloc’s reliance on russian energy imports, and ideally phase them out all together.
  • How Ukraine will contribute to the diversification of energy sources for Europe and therefore strengthen European energy security.
  • The international resources that need to be mobilised and joint initiatives launched to enable Ukraine to be a stable energy partner for Europe so that dependence on Russian oil and gas imports is curtailed as soon as possible.

More details here.

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.