In one of the most difficult days for the energy sector since russia’s full-scale invasion two years ago, two of DTEK’s power stations have been knocked offline. In total, DTEK has temporily lost around half its available generation capacity.
DTEK teams are working around the clock to restore power and the company is appealing to international partners to urgently supply critical equipment such as transformers. The company estimates it will be able to restore around 50% of the lost capacity within weeks, but other repairs will take longer.
Ukraine is able to import some power from European neighbours, however the level of destruction will mean consumers will face some controlled outages.
DTEK CEO Maxim Timchenko said: “The energy infrastructure russia attacked this morning are civilian facilities relied on by millions of ordinary people. This senseless destruction can never be justified. We will repair the damage and build back a stronger energy system, but Ukraine must have robust air-defence systems to blunt russia. We urge our allies to stand with Ukraine.”
DTEK thermal power plants have been attacked more than 40 times this winter and more than 160 times since the start of the full-scale invasion.
Since the beginning of 2024, russia has been modifying its tactics and using drones to target energy facilities more precisely and overwhelm Ukrainian air-defences that have been depleted by a lack of ammunition supplies from Western nations.
Over the long term, DTEK is investing heavily in distributed power systems such as wind turbines, which are far harder to hit with missiles and drones and which knock out far less capacity when they are hit.
CEO Maxim Timchenko has just completed a week of talks in the US, with government officials, members of Congress from both parties and corporate leaders, to make the case for greater investment in such systems, and to create new mechanisms that unlock urgently needed capital to flow into Ukraine’s private sector once again.
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.