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The New York Times: How one energy company C.E.O. is trying to keep the lights on in Ukraine
18 March 2022, Ukraine
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The New York Times: How one energy company C.E.O. is trying to keep the lights on in Ukraine
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DTEK, a prominent Ukrainian power company, arranges for soldiers to escort its emergency repair crews to reach damaged transmission lines.
Keeping millions of customers in Ukraine supplied with electric power amid the Russian invasion is, to say the least, challenging. Especially when the electrical grid itself becomes a target.
“What we see now is that they attack transmission lines, substations, power generating stations,”
said Maxim Timchenko, chief executive of DTEK,
a large private Ukrainian energy company. In the early days of the war, he said, the Russian military seemed to be wary of wrecking critical civilian infrastructure.
Now, he said, “they are not selective anymore.”
In a video call from an undisclosed location in western Ukraine, Mr. Timchenko described how DTEK, which supplies about 20 percent of Ukraine’s electricity, and other Ukrainian utilities were scrambling to keep the lights on during the Russian onslaught.
Amid the urgency, Ukraine, which is not a member of the European Union, has also managed to achieve something in a matter of weeks that it had worked on for years: a linkup to the power grids of neighboring E.U. member countries including, according to Mr. Timchenko, Romania, Slovakia, Poland and Hungary.
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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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