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Since the company’s founding 20 years ago, DTEK has grown into a national energy leader. Today we are transforming into a pan-European clean energy business.
Our businesses generate electricity at wind, solar and thermal power plants, distribute and supply electricity to end consumers, extract natural gas and mine coal, trade energy resources on Ukrainian and foreign markets, and provide domestic and commercial energy services.
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The green transition is profoundly transforming the global energy landscape, and DTEK is embracing this revolution.
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The "Guaranteed Buyer" repaid DTEK Renewables the balance of the debt for electricity generated in 2020-2021
24 January 2022, Ukraine
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The "Guaranteed Buyer" repaid DTEK Renewables the balance of the debt for electricity generated in 2020-2021
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DTEK Renewables received the balance of the overdue debt in the amount of UAH 2.7 billion for electricity produced from renewable sources in 2020 and partially in 2021 from the state-owned company “Guaranteed Buyer”.
The debt repayment was one of the main obligations of the government under the Memorandum on the voluntary reduction of "feed-in" tariffs, which was signed with investors in June 2020.
However, the issue of indebtedness to producers in 2021 remains unresolved. The level of repayments for last year is about 82,5%. DTEK Renewables hopes that the debt to producers will be fully repaid in the near future. Resolving the debt crisis will help bring back investor confidence in Ukraine and restore investment to the development of renewable energy sources.
"The development of renewable energy is a key component of the European decarbonisation course, which is an absolute priority for DTEK. We have invested more than $1 billion in new energy generating capacity in Ukraine, being the first Ukrainian company to raise funds from European partners through the Green Eurobond mechanism,” said Maris Kuniсkis, CEO of DTEK Renewables.
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.
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