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.

Power Industry Can Become a Driving Force of the Ukrainian Economy

“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

DТЕК is the largest private investor in Ukraine’s energy sector.
DTEK Group produces coal and natural gas, generates electricity at the termal, 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 2018, DTEK’s capital investments totalled UAH 20 bln. besides, the company paid UAH 27 bln of taxes. DTEK employs 80 thousand people. The company is 100% owned by SCM Limited. Ultimate beneficial owner – Rinat Akhmetov.

Corporate Communications Department
DTEK
Tel.: +38 (044) 581 45 35
+38 (044) 581 45 70
E-mail: pr@dtek.com
www.dtek.com