Speaking before a crowd of energy industry leaders in Frankfurt, Germany, Vadym Utkin held up what he said was a piece of a russian missile.
The chunk of steel was used to damage the electricity grid in Ukraine, where Utkin is the energy storage lead for DTEK, the country’s largest private energy investor. Around 40% of the electric grid has been damaged since Russian attacks on the grid began on Oct. 10, he said.
“We’re keeping up the fight,” Utkin said during his keynote address at Enlit Europe in Frankfurt, Germany.
Despite the damage, Utkin said that DTEK is undeterred. The company has both the resources and manpower to rebuild and fortify Ukraine’s electric grid, and fully intends to do so.
Ukraine is in need of a wide variety of equipment to rebuild the grid, including transformers, circuit breakers, surge arrestors, mobile substations, joints, and more. And it isn’t as simple as replacing damaged infrastructure, since much of the Soviet-era energy equipment used in Ukraine today is not compatible with European or U.S. standards.
Meanwhile, long-lead times, high transportation costs, and supply chain constraints plaguing the global energy industry are magnified in the war-torn country.
Read more here – Power Engineering International.
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.