DTEK weekly briefing: Ukraine’s Energy Sector amid war

On Thursday April 21, Ukraine’s energy security was the topic of DTEK CEO Maxim Timchenko’s weekly online briefing. Here is the lineup of key messages from Mr. Timchenko’s briefing:

Update on energy sector operation amid second stage of russia invasion:

• Amid of escalating battels in the Donbas, blackouts in Ukrainian cities continue. 934 settlements in the country remain without electricity supply, with approximately 757 000 householders. In particular, 297 000 households in the Donetsk region, and approximately 192 000 households in Kharkiv region.
• DTEK makes an all-out effort to restore the damaged power lines. Since February 24, the power supply in 1 192 906 households has been restored by DTEK’s emergency crews. Additional repair crews from other regions of Ukraine have been engaged for the rapid restoring process in liberated areas.
• The daily load was covered by coal fired power plants (2.7 GW), nuclear generation (6.1 GW) and the remainder by hydro, RES and CHPPs.
• Since the start of the war, 23 DTEK employees have been killed, and 36 injured

DTEK’s humanitarian aid:

• Since the beginning of the war, DTEK has provided electricity supply to critical infrastructure institutions for free, in particular, state and municipal medical institutions, military and law enforcement agencies, and bread producers. So far, they have received nearly 18 million kWh, worth around UAH 75 million (≈ USD 2.5 million), in the Kyiv, Dnipropetrovsk and Donetsk regions.
• Since the start of russian invasion in Ukraine, the DTEK Group has allocated UAH 324 million (≈ USD 11 million) in humanitarian aid and support to the Armed Forces and the Territorial Defense Forces. The funds have been allocated for food kits and essential medicines for military personnel and internally displaced persons.
• The SCM Group businesses, which include DTEK, and the Rinat Akhmetov Foundation, have donated almost UAH 1.4 billion (≈ USD 48 million) for humanitarian aid to civilians, including food, medicine, necessities, evacuation, shelters and so on, and support for the Armed Forces and the Territorial Defense Forces in dozens of cities. This includes providing clothing, personal protective equipment and first aid kits.

European energy security:

• putin is using energy as a weapon, blackmailing the whole world. Cutting off Russia’s source of finance will hamstring the Russian military. And buying from Ukraine instead will mean the finance will be used to rebuild a peaceful country.
• It is crucial to remember that mere talking about the embargo leads to the rise of already inflated energy prices which the occupier benefits from. So, acting instead of talking will have the real effect and a strong energy security system in Europe in the future.