EN
UA
Home page News and Insights Company announcements

Power Industry Can Become a Driving Force of the Ukrainian Economy

28 February 2017, Ukraine
Subscribe to our news linkedin
Power Industry Can Become a Driving Force of the Ukrainian Economy
Power Industry Can Become a Driving Force of the Ukrainian Economy
Subscribe to our news linkedin

“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.

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.