Accusations against DTEK initiated by opponents of a competitive market and Ukraine’s European choice

Accusations against DTEK initiated by opponents of a competitive market and Ukraine’s European choice

DTEK22 June 2020

DTEK stands for open public dialogue between all market participants to find a way out of the systemic crisis in the industry. All accusations against DTEK are unfounded and initiated by opponents of the Ukraine’s alignment with Europe and opponents of a free competitive market.

In response to the publication by S. Leshchenko of photocopies of texts attributed to DTEK, and the increasing attempts to accuse DTEK of actions aimed at unilaterally changing market conditions, the company says:

  • Fake information and the published photocopies of the texts, as well as baseless accusations against DTEK, are part of a comprehensive information campaign against DTEK on the order of supporters of administrative interference in the market, which began in September 2019 and had a negative impact on the entire energy industry in Ukraine.
  • Artificial restrictions on the electricity markets; manual regulation and administrative interference in the energy market; a lack of response to manipulations that distorted market competition have contributed to the largest energy crisis in the history of independent Ukraine.
  • DTEK initiated an open dialogue between all market participants and repeatedly presented its vision of the necessary actions to overcome the crisis in the energy sector. We are confident that the Ukrainian consumer cannot be held hostage to manual, unprofessional, administrative interference in the work of the energy market.

DTEK has always upheld and will uphold Ukraine’s European choice, which supports market, transparent and fair working conditions for all market players, as well as uniform rules for all.

DTEK requires an apology and reserves the right to go to court to protect the company's reputation, honor and dignity.

The official position of DTEK is presented for public access and discussion on the company's website:

https://dtek.com/en/

https://dtek.com/ru/media-center/video/

https://www.dtek.com/en/media-center/press/energy-of-ukraine-crisis-consequences-solutions-/

All DTEK initiatives, the vision for resolving problems in the industry were publicly announced at an online press briefing by DTEK CEO Maxim Timchenko, April 14, 2020:

https://www.youtube.com/watch?v=oprkwXZ2_SA

Presentations by company management at meetings of the Anti-Crisis Energy Task Force, as part of meetings of the relevant committee of the Verkhovna Rada of Ukraine, at the Ukrainian Energy Forum and other industrial events can be found here:

https://dtek.com/ru/media-center/video/

https://www.youtube.com/watch?v=g69h1q7zhU4

https://www.youtube.com/watch?v=NEfebNIbOkA

https://www.youtube.com/watch?v=oFETXuxIXjk

You can familiarize yourself with the assessments of company executives in the current situation at the links: https://www.youtube.com/watch?time_continue=6&v=5v4q2eZEMS0&feature=emb_title

https://www.youtube.com/watch?time_continue=5&v=pZJR4uMOB1s&feature=emb_title

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.

 

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