Ukraine's largest private energy company DTEK secured a $72-million loan to build one of the largest battery energy storage complexes in Eastern Europe, the company said on June 3.
Ukraine's main gas production facilities are in front-line regions like Kharkiv and Poltava, making them vulnerable to Russian attacks. Strikes on gas infrastructure have repeatedly reduced production, at times by 40%.
The company expects to finalize and announce the deal within the next two months, with most potential partners based in the U.S.
"The commitment is the largest private sector investment in Ukraine since russia’s full-scale invasion in 2022 and the biggest ever private investment in Ukraine’s energy sector," DTEK said in a press release.
"Despite Russia's attempts to destroy our energy system during the war, we have won another victory on the energy front," Andriy Yermak, head of the Presidential Office, said on Dec. 28.
"DTEK thermal power plants were attacked. According to preliminary information, there were no casualties," the company said. The plants' equipment was "seriously damaged," with energy sector employees already working on repairs.
The statement is a response to an article published by the Italian newspaper Corriere della Sera. The newspaper reported on Nov. 24 that Odile Renaud-Basso, the president of the EBRD, had said the bank would not provide funds to DTEK due to its ownership by oligarch Rinat Akhmetov.
The U.S. government is providing $46.1 million to purchase control systems and dozens of new transfers, while the European Commission pledged 62.8 million euros ($66 million) to restore 1.8GW of generating capacity and to protect power plant equipment from elements during the winter.
Russia’s missile strikes on Nov. 16-17 hit three of the five operational thermal power plants owned by Ukraine’s largest private energy company, DTEK, leaving one plant offline, Reuters reported on Nov. 21, citing unnamed sources.
Editor’s Note: This is issue 154 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 24-Nov. 17, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukraine’s energy infrastructure under attack, first in almost three months; power outage schedules are back. On Nov. 17, Ukraine’s
Russia targeted thermal power plants during a mass strike on the country's power grid on Nov. 17, dealing "serious damage," said the country's largest private energy company, DTEK.
By October, DTEK, Ukraine's largest private energy company, plans to restore 60-70% of the power generation it lost as a result of Russia’s mass shelling this spring, according to DTEK Executive Director Dmytro Sakharuk.
The following is the July 4, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. EU accession talks begin Ukraine and
Russia has struck DTEK thermal power plants over 180 times, causing losses worth at least $350 million.
Editor’s Note: This article was published by the twice-weekly newsletter “The Counteroffensive with Tim Mak” on June 27, 2024, and has been re-published by the Kyiv Independent with permission. To subscribe to "The Counteroffensive," click here. When the explosions hit the thermal power plant, senior machinist Ihor* was at
Ukrainians will face lengthy, daily interruptions in electricity until the end of July as scheduled repairs at nuclear power plants put further strain on the country's already heavily damaged energy system, the head of grid operator Ukrenergo Volodymyr Kudritsky said.
Ukrainians could face up to 20 hours of blackouts a day under a “worst-case” scenario if the country cannot repair and properly defend its energy infrastructure from Russian attacks, Executive Director of Ukraine’s largest privately-owned energy company DTEK Dmytro Sakharuk told the Kyiv Independent in an interview on June
Editor’s Note: This is issue 134 of Ukrainian State-Owned Enterprises Weekly, covering events from May 25 – June 1, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukrainian energy facilities struck again. In the early morning of June 1, Russia attacked Ukraine’s energy infrastructure in Zaporizhzhia,
Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, launching large-scale attacks on energy facilities across the country on March 22, March 29, April 11, and April 27.
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.
Russia damaged two DTEK thermal power plants in its latest overnight mass attack on Ukrainian energy infrastructure, according to a press release on April 11 from DTEK, Ukraine's largest private energy company.
In March, Russian attacks damaged or completely destroyed 80% of the thermal generating capacity of Ukraine's largest private energy company DTEK, the company's Executive Director Dmytro Sakharuk said on March 30.
Ukraine's largest private energy company, DTEK, lost 50% of its generating capacity due to Russia’s March 22 mass attack on the country’s energy system, the CEO of one of its subsidiaries said on March 24.
According to DTEK, its thermal power plants suffered "severe damage," and at least two of its energy workers were injured.
DTEK, Ukraine's largest private energy company, restored electricity supply to 426,000 homes after blackouts caused by Russian attacks in February, DTEK's press service reported on March 4.
Russian forces attacked a thermal power plant operated by Ukraine's largest private energy company DTEK in the evening of Oct. 22, causing significant damage, the company said on Oct. 23.
Russian forces attacked warehouses of Ukraine's largest private energy company DTEK in Dnipropetrovsk Oblast on Oct. 2, causing damage to cables, transformers, and other electrical equipment, the company said on the Telegram messaging app.
Ukraine faces its most challenging winter as Russia relentlessly strikes its energy system to plunge the nation into cold and darkness. Since mid-October, Russia's carried out five mass missile attacks that have damaged 40% of Ukraine's energy system and made long power outages a new reality for many Ukrainians. And
The infamous “Rotterdam plus” case is being reopened by Ukraine’s new top anti-corruption prosecutor. The case’s closure was “illegal and unfounded,” according to Oleksandr Klymenko, the new head of the Special Anticorruption Prosecutor’s Office (SAPO), appointed in July after the position was vacant for nearly two years.
Energy company DTEK was forced to import 300 megawatt-hours from Slovakia on the night of Dec. 21 to make up for the emergency shutdown of a faulty coal power unit at its Burshtyn thermal power plant in Ivano-Frankivsk Oblast. DTEK generates 30% of Ukraine’s electricity and is owned by
Ukraine received the second of seven coal shipments ordered by DTEK Group, Ukraine's largest energy holding, that are meant to sustain the country through the winter. The 230-meter-long cargo vessel loaded with 66,000 tons of U.S. and Colombian coal arrived at the Pivdennyi seaport in southern Odesa Oblast
Ukraine’s largest energy company DTEK may have hidden the real scale of an accident that took place at one of their coal-fired thermal power plants in early November, according to a Dec. 2 report by Schemes, the investigative unit of Radio Free Europe/Radio Liberty. According to the report,
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