DTEK considers suspicions of the investigation groundless, following the suspension of the case

DTEK considers suspicions of the investigation groundless, following the suspension of the case

DTEK07 August 2020

DTEK considers suspicions of the investigation groundless, following the suspension of the case

According to lawyers, the pre-trial investigation against DTEK employees has been suspended. DTEK believes that this is another demonstration of the groundlessness of previously raised suspicions. The legality of the adoption by the National Commission for State Regulation in the Spheres of Energy and Utilities (NEURCU) of the Resolution "On Approval of the Procedure for Forming the Forecast Wholesale Market Price for Electricity" is confirmed by a number of the courts’ decisions of Ukraine and international studies.

DTEK insists that the procedure for the formation of the forecast price, to which claims have been made by NABU and SAP, has determined transparent rules for working on the Wholesale Electricity Market, which were absent up to that moment.

The expediency of using the principle of import parity and the compliance of the pricing method for thermal coal in Ukraine with the practices of European countries have been confirmed by international research, the results of which the company passed on to the investigation to establish the truth in the case. Throughout the entire investigation period, the company provided NABU and SAP with documents and responded to dozens of requests to ensure that the investigation was comprehensive and exhaustive.

DTEK expects that the completion of the investigation will put an end to groundless political manipulation and suspicions that damage the reputation of the company and its employees.

DTEK will take all legal measures to protect the company's business reputation, honor and dignity of its employees in national and international courts.

Profile

DТЕК is the largest private investor in Ukraine’s energy sector.

DTEK Group produces coal and natural gas, generates electricity at thermal, solar and wind power plants, distributes electricity, supplies electricity to end consumers, provides energy efficient solutions and develops a network of EV charging stations.
In 2019, DTEK’s capital investments totalled UAH 23 bln. Moreover, the company paid UAH 23.4 bln of taxes. DTEK employs 70 thousand people.

The company is 100% owned by SCM Limited. Ultimate beneficial owner – Rinat Akhmetov.

 

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DTEK
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