Friday, June 4, 2021

DTEK is ready to “consider the sale of power stations and coal mines” as the company shifts towards green energy,

DTEK CEO Maxim Tymchenko tells Ekonomichna Pravda news site. Ukraine’s largest private electricity producer is positioning itself to meet the EU’s net zero carbon target for 2050. Over the last three years, DTEK has invested $1.5 billion to build 1 GW of wind and solar capacity in Ukraine. In contrast, many of DTEK’s coal-fired power stations are “physically exhausted” and will have to close in the 2020s, Tymchenko says. He adds: “If nobody buys them, then we will close them — just like we do with coal mines.”

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Last month’s restructuring of much of DTEK’s bank and bond debt can be traced back to debt taken on in 2012, before the Donbas war

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Tech giants such as Apple, Google, Microsoft, Netflix, Bloomberg, Alibaba, and Booking.com would have to pay Ukraine’s 20% VAT tax

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