DTEK CEO Maxim Timchenko participated at the Bilateral Conference on Reconstruction of Ukraine in Rome. The Italian Ministry of Foreign Affairs and International Cooperation, in collaboration with the ICE Agency held the conference in the presence of the highest representatives the Ukrainian Government, the European Commission, International Financial Institutions (IFIs) and CEO’s presenting their respective plans on the two phases of fast recovery plus medium and long- term reconstruction of Ukraine.
Ukraine has survived the most challenging winter, demonstrating remarkable resilience. Support from international partners remains crucial for Ukraine’s power system.
“DTEK Group greatly appreciates the help of Italian companies, who kindly supported us with transformers for our DSO companies and Enel who shared experience in distribution grids, long-term grid planning approaches and grid management strategies”
– said Maxim Timchenko.
DTEK has launched preparation works for the next heating season. Today, hundreds of millions of dollars are needed to restore the full-fledged operation of Ukraine’s energy sector. The scale of destruction to the power system is making the upcoming winter no less challenging for Ukraine.
“A unified program for the recovery of Ukraine’s energy sector is our objective. Consolidating international aid, state support, lending opportunities from international financial institutions would help., IFIs’ funding for recovery is currently available only to state-owned companies. We hope this approach will be reconsidered soon, allowing us to speed up the recovery and improve the electricity supply. The most valuable form of support for our energy sector at this moment would be attracting green energy investments to Ukraine.”
– added Maxim Timchenko.
DTEK’s CEO also noted that it is imperative to ensure investments in the Ukrainian energy sector are secured, with comprehensive risk and war insurance measures in place. Investors require assurance and risk mitigation measures in place when making long-term investments, added Maxim Timchenko. He also pointed out the importance of establishing a level playing field for all market participants in the energy sector, which underscores the ongoing importance of continuing reforms.
