DTEK General Director Maksym Timchenko and Honeywell President in Central and Eastern Europe Przemek Szuder signed a memorandum of strategic cooperation at the Ukraine Recovery Conference in Berlin. “DTEK and Honeywell agreed to explore opportunities for: the fast-track restoration and maximisation of DTEK’s energy generation capabilities that have been damaged in Russian attacks on Ukraine’s energy … Read more
Ukraine’s largest private energy company, DTEK, announced on April 22 that it requires $350 million to recover the lost capacity caused by Russia’s attacks on thermal power plants. The company’s Executive Director, Dmytro Sakharuk, said that Ukraine is anticipating electricity shortages during peak periods in summer and winter due to the loss of eight gigawatts … Read more
As a result of Russian strikes on Ukraine’s energy grid in March, 80% of DTEK’s thermal generating capacity, available before the largest attack on the energy system on March 22, was damaged or completely destroyed, its CEO Dmytro Sakharuk said. “Yesterday (March 29) there was the second largest attack on our facilities, the largest one … Read more
Two thermal power plants of the DTEK energy holding – Burshtynska and Ladyzhynska (Ivano-Frankivsk and Vinnytsia regions) – were severely damaged in an attack by Russian aggressors on the Ukrainian power system on March 22, said DTEK CEO Dmytro Sakharuk. “We lost 50% of the installed capacity. All units at Burshtynska TPP and all at Ladyzhynska TPP … Read more
Rinat Akhmetov’s DTEK Energy Holding through its subsidiary DTEK Renewables International (DRI) concluded an agreement with the Polish company Columbus Energy on the construction of a 133 MW energy storage system in southern Poland near Krakow, reported the website of DTEK. “DRI signed a final binding share purchase agreement with Poland’s Columbus Energy on March 27 … Read more
The largest private Ukrainian investment group SCM of businessman Rinat Akhmetov allocated more than UAH 32 billion (or $800 million) for capital investments and modernization in Ukraine in 2023, which is almost 52% more than in 2022. According to a press release, the investments were made in many areas. Thus, to ensure the energy independence … Read more
The Cabinet of Ministers of Ukraine appealed to the National Bank of Ukraine (NBU) with a request to allow the sale of currency to large Ukrainian companies and holdings and its further transfer for settlements on eurobonds and with Western creditors. The corresponding applications for individual permits for cross-border transfers of currency values are formalized … Read more
Energy holding DTEK plans to become a player in the Ukrainian oil market and is starting oil production in Poltava region, its CEO Maksym Timchenko said at a press conference on Wednesday. “The first oil well will be drilled before the end of this month in Poltava region. This is new for us. The first time our … Read more
DTEK Holdings Limited has extended the term for the redemption of DTEK Energy eurobonds maturing in 2027, announced on March 6, to March 23. According to the company’s report on the stock exchange, the maximum amount has been increased to $80 million, however, compared to the offer in November, there is no maximum buyback price, … Read more
Fitch Ratings has downgraded DTEK Renewables B.V.’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘Restricted Default’ (RD) from ‘C’, following the company’s disclosure of the result of its tender offer. Fitch has simultaneously upgraded the IDRs to ‘CC’, reflecting DTEK Renewables’ post-restructuring profile with continuing high default risk. Fitch regards DTEK Renewables’ tender … Read more