As global leaders prepare to gather in Davos next week, DTEK CEO Maxim Timchenko, will bring Ukraine’s energy frontline experience directly into the world’s most influential conversations.
In a new blog published by the World Economic Forum, he outlines lessons from managing an energy system under sustained attack – and why these lessons matter for global security and economic resilience.
The article makes the case that energy security is no longer a technical issue, but a strategic one and central to national security and long-term development. Rapid repairs and development of a new decentralised energy system have proved essential to keeping the lights on in Ukraine, even as infrastructure is deliberately targeted.
Resilience and transformation demand decisive action. Together with shareholder Rinat Akhmetov, DTEK has launched its largest-ever investment programme to build a decentralised energy system, powered by wind, solar, and battery storage. Smaller, distributed assets are harder to target, faster to repair, and more capable of keeping the grid stable during attacks.
That transformation is only possible through partnership. Support from governments, international financial institutions, investors and businesses has helped unlock projects like our Tyligulska Wind Power Plant and the Resilient Independent Solar Energy (RISE) programme.
Next week in Davos, DTEK will take these lessons to the global stage. The CEO will speak at Forum session, host a high-level Ukrainian breakfast and meet with government, business and financial leaders to push one clear message: recovery will only succeed if private capital, public policy and partnerships move together.
Read the full article on the World Economic Forum website.
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.