DTEK's business is the most efficient in Ukraine, official rankings indicate

DTEK's business is the most efficient in Ukraine, official rankings indicate

DTEK10 October 2017

Naftogazvydobuvannya, gas producing asset of DTEK Oi&Gas, heads the list Ukraine's TOP 100 Best Companies in Terms of Financial Performance. The ranking was prepared by the Visnyk journal, the official publication of the State Fiscal Service of Ukraine.

The TOP 100 was compiled based on the Fiscal Service's official data for 2016 on solvency, financial soundness and profitability of the companies.

"A company's financial standing is one of the key management efficiency indicators," the journal's article states. "It is the timely and effective financial decisions that largely define both competitiveness and investment attractiveness of a company."

"Over its 12 years in business, DTEK has implemented high corporate governance standards compliant with the international practices. This is the basis that makes it possible for our business divisions to demonstrate quality results and win acclaim both in Ukraine and abroad. Today our team is facing new challenges related to the energy market reforms and global transformations. DTEK is prepared for them: we are ready to become the driver of modernisation for the Ukrainian energy sector, to drive its transformation from a post-Soviet overregulated industry into a client-oriented pro-European modern sector of economy," said Maxim Timchenko, CEO of DTEK.

Profile

DTEK is a strategic holding company that develops four business streams in the energy sector. DTEK's companies employ 75 thousand people. Maxim Timchenko is the Chief Executive Officer of DTEK. 

DTEK companies produce coal and natural gas, generate electricity at the fossil-fuelled power plants and renewable energy power plants, supply heating and electricity to end consumers, and provide energy services. Four operating companies—DTEK ENERGY, DTEK Renewables, DTEK Oil&Gas, DTEK ESCO— directly manage production companies in each of the business streams.

DTEK's production indicators for 2016: the company produced 31.3 mln tonnes of coal, 1.6 bcm of natural gas, generated (supplied) 40.1 bln kWh of electricity, out of which 608.4 mln kWh came from the Botievo wind farm;   and transmitted 45.8 bln kWh of electricity via the networks.

DTEK is part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov.

For more information, visit: www.dtek.com

To learn about the social partnership projects in progress in the towns and cities of DTEK companies' operations and get a detailed status report on their implementation, visit www.spp-dtek.com.ua

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