Maxim Timchenko, DTEK's CEO, has given an exclusive comment to Associated Press reporters during the World Economic Forum 2022 in Davos.
Maxim Timchenko has commented on the condition of Ukraine's energy sector during the war and argued that there is a need to launch commercial electricity exports to the EU. Having shown a stable operation throughout the war, Ukraine's energy sector is ready for this step. Exports are needed not only to keep Ukrainian utilities financially healthy, but also to make the EU better off as it will then be able to cut its dependence on other russian energy resources.
DTEK Group is the largest private investor in Ukraine’s energy sector, with 55,000 employees and over €12 billion of capital invested since 2005.
Our businesses generate electricity at wind, solar and thermal power plants; distribute and supply power to end consumers; extract natural gas and coal; trade energy resources on Ukrainian and foreign markets; and provide domestic and commercial energy services.
Over the last 20 years, DTEK has grown into a national energy leader and is today transforming into a pan-European clean energy business.
Since the full-scale invasion of Ukraine in 2022, DTEK Group has restored power to millions of consumers across regions affected by hostilities.
DTEK Group is 100% owned by SCM Holdings. The ultimate beneficiary and sole shareholder is Rinat Akhmetov, a businessman and philanthropist.