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DTEK Energy has invested over UAH 890 million in TPP repairs since the beginning of the year

18 May 2023, Ukraine
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DTEK Energy has invested over UAH 890 million in TPP repairs since the beginning of the year
DTEK Energy has invested over UAH 890 million in TPP repairs since the beginning of the year
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DTEK Energy is repairing thermal power plants before the 2023/2024 heating season.
 
In addition to the restoration work at the company's generating facilities due to russia's attacks, the power engineers are also preparing power units as part of this year's repair campaign.
 
Currently, seven power units are in the process of being repaired at different stages of readiness. Earlier, in March-April, two repairs were already completed. According to preliminary data, the company's investments in the repair campaign at TPPs in the first four months of the year amounted to over UAH 890 million. At the same time, almost UAH 7 billion is needed to restore the equipment damaged and destroyed by the enemy at thermal power plants.

"The energy sector is facing another challenging task. We need to restore equipment quickly after enemy attacks and repair power units working extremely hard this winter. We need to do all this when thermal generation operates at maximum capacity due to the repair campaign at nuclear units. Another major challenge is the acute liquidity shortage in the market. Given the extent of damage to TPPs, we do not have enough funds to repair and restore the units. Therefore, a unified program to restore the power system is needed. The reliability of the upcoming heating season in Ukraine depends on the completeness and timeliness of the repairs,"

said DTEK Energy CEO Ildar Saleev.

Last year, DTEK Energy's TPPs completed 26 repairs of power units. The previous year's repair campaign investments amounted to almost UAH 2.2 billion.

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.