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Schneider Electric in collaboration with DTEK responds to World Economic Forum call-to-action and restores essential energy supplies in Ukraine

13 April 2022, Ukraine
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Schneider Electric in collaboration with DTEK responds to World Economic Forum call-to-action and restores essential energy supplies in Ukraine
Schneider Electric in collaboration with DTEK responds to World Economic Forum call-to-action and restores essential energy supplies in Ukraine
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Schneider Electric has donated equipment to help restore essential energy supplies in Ukraine for more than 1,5M people. The donation was facilitated by the World Economic Forum (WEF) as part of the organization’s ongoing efforts to identify concrete and practical steps its members can take to support humanitarian needs in Ukraine. In coordination with Ukraine’s Ministry of Energy, the equipment will be deployed by public and private companies in collaboration with DTEK, the major energy producer in Ukraine, to help restore electricity in the regions affected by war.

On March 11, WEF convened a forum of chief executives from its partner companies, academics, civil society leaders and Ukrainian leaders via a special roundtable to discuss the country’s immediate needs in relation to power and energy. The forum focused in particular on efforts to maintain the supply of electricity and heat for the people of Ukraine. The successful implementation of this cooperation between Schneider Electric and DTEK will be a shining example for other international companies seeking to join the WEF initiative to restore the energy supply in Ukraine.

“Today, the civilized world has united in support of Ukraine. The contribution of Schneider Electric is an important step in creating a powerful structure of systematical support of Ukraine amid war. DTEK, as a Ukrainian company, is making an all-out effort in being a reliable partner when it comes to implementation of help provided by the international partners,” – Maxim Timchenko, CEO of DTEK.

Today over 1.5 million people in 974 Ukrainian cities and towns are currently deprived of electricity supply. Schneider Electric is committed in contributing to help restore and maintain energy supply to people in Ukraine.

Implementation of this mission will be in close partnership with the largest private energy company DTEK, which has well-established logistics and expertise to implement humanitarian aid throughout the country.

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.