Correspondents of The Wall Street Journal described in detail how russia lost the energy war in Ukraine and the role of DTEK in this.
On November 23 a huge missile barrage destroyed a number of substations and transmission lines, causing such imbalances that virtually all power plants shut down, plunging the country into darkness.
Firing up a power plant that was shut down requires another power source. Ukraine’s energy companies teamed up and used a hydroelectric plant, which was still running, to restart a coal-fired plant, followed by another, said DTEK CEO Maxim Timchenko. When enough power stations were online again, they restarted the nuclear plants that are the system’s mainstay.
At every stage, technicians had to carefully keep the frequency at 50 Hz by balancing generation with electricity consumption in a country slowly emerging from darkness. Solving the complicated puzzle took 14 hours. But then, the power stations were working 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.