According to Forbes, before the war, DTEK Energy generated more than 40% of the group’s revenue, mined 90% of the coal in Ukraine, controlled about 70% of heat generation, and occupied a third of the electricity market. Due to the war, DTEK Energy sales fell by 20%, electricity production by 30%, and its share in the electricity market dropped to 20%. The main problem was a 30-40% drop in demand for electricity. In addition, the company lost control over the Luhansk TPP occupied by Russians and stopped operations at the Zaporizhzhya TPP. At the same time, DTEK is trying to maintain coal production at last year’s level and plans to take control of the Lvivcoal state mines. DTEK also wants to maintain gas production at last year’s level. The company also controls 1 GW of the more than 9 GW of green energy capacity in Ukraine. More than half of DTEK’s stations are wind-powered turbines located in the occupied territories that currently are not producing energy. However, their solar power plants are still producing electricity. Due to the closure of wind power plants, the production of green energy fell by 70%.
Due to the war, the largest energy holding, DTEK, has lost 70% of its value.
Due to the war, the largest energy holding, DTEK, has lost 70% of its value.