Power Industry Can Become a Driving Force of the Ukrainian Economy

Power Industry Can Become a Driving Force of the Ukrainian Economy

DTEK28 February 2017

Successful implementation of a package of economic reforms is impossible without a reform of the power sector. This opinion was expressed by DTEK’s CEO Maksym Tymchenko in his speech at the annual Ukrainian Energy Forum held in Kyiv.

“A resource-intensive and inefficient energy sector will set back any economic solutions. On the other hand, a free energy market and well-balanced power industry will kick-start economic efficiency,” emphasised Maksym Tymchenko, CEO of DTEK. “A new energy strategy and a market reform have to provide a foundation to efficient and quantitative changes.”

In his opinion, DTEK is ready to change its business to create a new and modern image of the country’s energy sector. “We can change ourselves, but we cannot do it for others. The entire market has to change, and this is the only way to ensure that changes are efficient and far-reaching. The approval of a new energy strategy and a market reform is the basis of these changes,” underlined Maksym Tymchenko.

Reference

DTEK is a strategic holding company that develops business in the energy sector. DTEK’s companies employ 73 thousand people. Maxim Timchenko is the Chief Executive Officer of DTEK.
DTEK companies produce coal and natural gas, generate electric power at the fossil-fuel fired power plants and renewable energy power plants, supply thermal and electric power to end consumers, and provide energy services. The operating companies directly manage production companies in each of the business streams.
DTEK’s production indicators for 2017: the company has produced 27.7 mn tonnes of coal, 1.655 bcm of natural gas, generated (supplied) 37.1 bn kWh of electric power, of which 637.8 mn kWh have been provided by the renewable energy sources; and transmitted 43.2 bn kWh of electric power via the grid.
DTEK is a part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov.
For more information, visit: https://dtek.com/en/
To learn about social partnership projects being implemented in the cities of DTEK activity, and to get a detailed report on the status of their implementation, please visit https://dtek.com/en/sustainable_development/

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