DTEK

Wednesday, January 12

DTEK Energo welcomes two more Panamax-class vessels with fuel from the USA. On January 9, a ship tagged as the seventh ship delivered 75.5 thousand tons of American coal in the port of Yuzhnyi. Tomorrow, the 11th, the eighth ship with 82.5 thousand tons of fuel will be moored...

Monday, January 10

Ukraine can be of assistance in resolving the energy crisis in Europe. The CEO of DTEK, Maxim TImchenko at Atlantic Council’s online debate stated that Ukraine is already showing its strong position in helping build Europe’s energy security by; reforming the industry; sy...

Thursday, January 6

Over the past week, coal reserves at DTEK TPPs increased by 4.5% to 336 thousand tons. In general, the coal stocks at all TPPs in the country as of January 4 exceeded 500,000 tons. Total reserves, including state-owned thermal power plants suffering from a coal shortage, increased by 4....

Friday, December 17

The next two vessels of DTEK’s eight contracted coal consignments arrived. Ukraine accepts two more Panamax-class ships with imported coal with a total volume of 131,000 tons. The first ship with 55 thousand tons of coal originating in Colombia docked at the port of TIS on T...

Wednesday, December 1

The recently appointed head of Guaranteed Buyer has resigned. Vadim Ulida, who was appointed acting Chairman of the Guaranteed Buyer, on November 13, resigned on November 30. It is noted that Ulyda applied to the Cabinet of Ministers for voluntary dismissal due ...

Guaranteed Buyer is asking the government to explain what to do with UAH 3 bln for DTEK. The state-owned enterprise has requested information about inspection results in terms of settlements with electricity producers, which have a “green” tariff. Currently, UAH 3.04...

Wednesday, November 24

DTEK Energy has reduced its net losses 10-fold since January 2021 . It earned UAH 1.965 bln ($74 mln) in net losses in the third quarter of this year, which is almost 10 times less than the loss in the same period last year, UAH 19.12 bln ($721 mln). At the same tim...

Tuesday, November 23

Ukrenergo lost an appeal by Akhmetov’s company for UAH 400 mln. The Northern Commercial Court of Appeal refused to meet Ukrenergo’s request and upheld the decision of the first instance to recover UAH 399.4 mln ($1.5 mln) in debts from Ukrenergo in favor of ...

Thursday, November 18

Manipulation of European funds by Ukrainian officials will be the basis for DTEK Renewables lawsuits in the international courts. The Ukrainian Guaranteed Buyer has acknowledged manual intervention in distributing the European targeted loan to repay debts to green investors, including DTEK Renewables. One result of the Illegal a...

Friday, November 12

Ukraine has again requested emergency electricity supplies. On November 11, Ukraine again requested emergency electricity assistance from Slovakia due to the accident at DTEK. Emergency assistance with a capacity of 100 MW was activated from 16:00 to ensure op...

Wednesday, November 10

Electricity deficiency in Ukraine can be prevented, said DTEK CEO Maxim Timchenko at a press conference held on November 9. There are four ways to overcome the deficit of 5.5 billion kWh of electricity: It is necessary to import 1 mln tons of coal at Centerenergo, which will make it possible to generate 2 bln kWh; the pric...

Tuesday, November 9

DTEK joins PPCA international alliance for gradual transition to carbon-free energy. The international Powering Past Coal Alliance will assist DTEK in the gradual transition to carbon-free energy. The company plans to achieve carbon neutrality by 2040.

Tuesday, November 2

In October, DTEK increased coal supplies to TPPs by 17%. The volume of coal supplies to thermal power plants increased by 20% to 1.6 million tons, the main growth was provided by supplies to thermal power plants of DTEK Energo was 17%. In October 2021, Ukra...

Ukrenergo will resume electronic auctions for access to interstate power grids. The Kyiv District Administrative Court has canceled measures to secure DTEK Zahidenergo’s lawsuit, which led to the forced suspension of all auctions for the distribution of access to the capaci...

Friday, October 22

DTEK Energy invested UAH 1.7 bln on the repair of its TPPs in the first nine months of 2021. DTEK Energy has undertaken repairs to their thermal power plant (TPP) units, station equipment, buildings, and structures, in preparation for the winter heating season (DTEK company press service).

Friday, October 15

Artificial adjustment of the price for extracted gas will lead to a steep drop of natural gas production. The initiative to restrict the rights of independent gas producers to sell gas at market prices contradicts the Law of Ukraine “On the Natural Gas Market”, as well as all the reforms imple...

DTEK will supply almost 50,000 tons of coal to Centerenergo and Donbasenergo to cover its current resource deficit. DTEK Energy has launched an exchange program, to supply coal to other market participants to cover the short-term deficit in resources, the holding press service said. The company has already started ...

Monday, October 11

The second energy storage system is to be built by DTEK. The energy holding firm plans to build its second energy storage system with a capacity of 50 MW next year, said the Executive Director of DTEK, Dmytro Sakharuk. Previously, DTEK had launched an indus...

The issue of coal supply is reaching a critical state in foreign markets, reported DTEK. China is experiencing is seriously a coal shortage due to its trade war with Australia. This has complicated its purchase from Ukraine, said Executive Director DTEK, Dmitry Saharuk. “Chinese industria...

Monday, September 20

DTEK agrees with US-based HC Trading on supply of 150,000 tons of coal. On September 16 DTEK agreed with the U.S. company HC Trading (Heidelberg Cement Group) on the supply to Ukraine of two shiploads of American thermal coal with a total volume of 150,000 tons, the compa...

Monday, August 30

DTEK Energy, Centrenergo agree to import coal from US. In the coming months, they have agreed to supply 75,000 tonnes of thermal coal from the US States through the international trader Trafigura. It will be divided equally upon arrival. According to DTEK...

Wednesday, July 28

DTEK Oil & Gas, Ukraine’s largest private producer, increased its gas production by 10% during the first half, compared to January-June of last year, the company reports. “DTEK Oil & Gas is steadily increasing gas production thanks to systemic investments and the introduction of innovative technologies,” s...

Friday, June 4

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 ...

Monday, May 31

Denmark’s Vestas Wind Systems A/S is making the turbines for the DTEK project and for a project by YUFB Engineering in Ternopil. Located about 150 km east of Lviv city, the Ternopil project is to be 25 MW. Vestas says it has 18% of the world wind turbine market. The 6 MW turbines it is making for the DTEK project are some of wo...

Friday, May 21

DTEK officially launched Ukraine’s first industrial lithium-ion energy storage system yesterday, a pioneering entry into what is to be a billion dollar business in Ukraine during this decade. Maksym Tymchenko, DTEK’s CEO, said of the 1 MW battery in Zaporizhia: “This is first step toward building a new reliable, flexible energy system in Ukraine. We open door to other actors who will inves...

Worldwide during the 2020s, about $225 billion could be spent to build almost 500 gigawatts of storage capacity, said Eren Ergin , General Manager of Honeywell Process Solutions, the unit that helped build the storage system. Addressing the event by video link, he said: “You are the true trailblazers.” Bloomberg forecasts that ...

To get there, Ukraine has to develop regulations and laws to accommodate energy storage systems, Maksym Nemchynov, a deputy energy minister, said. Referring to this legal black hole, he praised DTEK for going ahead, calling it “a brave and risky project.” He and Roman Abramovskiy, minister of Eco...

Tuesday, May 18

“Thus, DTEK Energy’s loans have been transferred to a public financial instrument,” the press release reads. DTEK CEO Maksym Timchenko said: “Despite the loss of assets in Donbas, the systemic crisis in the Ukrainian electricity market and the economic downturn caused by the COVID-19...

Tuesday, April 27

DTEK is preparing to commission Ukraine’s first industrial energy storage system, reported Emanuele Volpe, innovation director of the power company. Located in Energodar, next to the Zaporizhia thermal power plant, the storage unit has a capacity of 1 MW and a capacity of 2.25 MW-y...

Wednesday, February 10

DTEK Energy has announced a tentative agreement with bond and bank debt holders to restructure much of its $2 billion bond and bank debt DTEK Energy has announced a tentative agreement with bond and bank debt holders to restructure much of its $2 billion bond and bank debt. After 10 months of negotiations, the deal’s center piece is ex...

Analysts generally welcomed the proposed exit from a default that rattled investors last March: Analysts generally welcomed the proposed exit from a default that rattled investors last March:

Ukraine’s economic activity in the fourth quarter of last year was only down 1% yoy, far better than the forecast drop of 3% Ukraine’s economic activity in the fourth quarter of last year was only down 1% yoy, far better than the forecast drop of 3%, Economy Minister Ihor Petrashko told reporters Tuesday at the Ukraine 30 C...

Adamant Capital wrote: “The updated terms look significantly better than those disclosed at the end of November…We confirm our ‘Buy’ recommendation.”

Ukraine’s steel production could increase by as much as 6% this year, to 21.8 million tons, Ukraine’s steel production could increase by as much as 6% this year, to 21.8 million tons, according to a study prepared by the GMK Center, a metals industry analytical and consulting group: “Forecas...

Concorde Capital wrote Concorde Capital wrote: “The updated DTEK’s offer provides more clarity about minimum payments to bondholders…the updated restructuring terms look balanced.”

Ukraine’s full bore coronavirus vaccination campaign may be delayed from March to April Ukraine’s full bore coronavirus vaccination campaign may be delayed from March to April because of government paper work delays in China and Ukraine, reports Reuters. Last week, Ukraine’s Lekhim asked...

Dragon Capital wrote Dragon Capital wrote: “The updated restructuring terms mark a significant improvement over the previous version…The new proposed DTEK Energy bond structure is also simpler than the previous variant an...

Vaccinations are scheduled to start Monday, drawing on an expected shipment of 117,000 Pfizer vaccines. President Zelenskiy talked on the phone Monday afternoon with Albert Bourla, Vaccinations are scheduled to start Monday, drawing on an expected shipment of 117,000 Pfizer vaccines. President Zelenskiy talked on the phone Monday afternoon with Albert Bourla, CEO of Pfizer Pharm...

All Ukrainians should have access to vaccines by the end of this year, All Ukrainians should have access to vaccines by the end of this year, Health Minister Maksym Stepanov told ICTV’s Freedom of Speech program. He vowed: “We want to ensure that 100% of the population h...

Ukraine’s turn last month to Britain’s Crown Agents to buy coronavirus vaccines illustrates the difficulty in breaking ingrained traditions of drug profiteering at the Health Ministry Ukraine’s turn last month to Britain’s Crown Agents to buy coronavirus vaccines illustrates the difficulty in breaking ingrained traditions of drug profiteering at the Health Ministry, Pavlo Kovtoniuk...

The vaccination of 10 million Ukrainians at risk – about one third of all adults – is a condition for Ukraine receiving The vaccination of 10 million Ukrainians at risk – about one third of all adults – is a condition for Ukraine receiving a $30 million World Bank loan this spring under its Covid-19 Emergency Response ...

US support to Ukraine for combatting the pandemic totals $48 million over the last year US support to Ukraine for combatting the pandemic totals $48 million over the last year, Kristina A. Kvien, US Chargé d’Affaires, told the Coronavirus Forum on Monday. She said the money has gone to b...

Germany is proving Ukraine with a €13.1 million medical care grant that includes supplying equipment for outpatient diagnosis and treatment of coronavirus Germany is proving Ukraine with a €13.1 million medical care grant that includes supplying equipment for outpatient diagnosis and treatment of coronavirus. This grant, and a second one for €23.5 milli...

Talks with IMF will be delayed to the spring, making a staff level agreement in May the optimistic scenario Talks with IMF will be delayed to the spring, making a staff level agreement in May the optimistic scenario, Liga.net reported in a lengthy story, citing unnamed Rada members and Central Bank official...

Dragon writes Dragon writes: “The government has sufficient liquidity buffers to proceed without IMF financing until end-May (assuming full rollover of domestic debt), but faces an increase in fiscal funding needs ...

The Finance Ministry increased 2.5-fold its sale of bonds yesterday The Finance Ministry increased 2.5-fold its sale of bonds yesterday, but kept yields largely unchanged at the weekly auction, according to results posted on Facebook. Of the total $467 million in doll...

With snow and sub-freezing temperatures forecast through Friday, restrictions on trucks entering Kyiv are expected to continue off and on. With snow and sub-freezing temperatures forecast through Friday, restrictions on trucks entering Kyiv are expected to continue off and on. At a peak, 3,000 trucks were stopped outside the capital, wit...

Due to the cold temperatures, coal reserves at thermal power plants fell sharply during the first week in February, hitting 57% of minimum, required volumes Due to the cold temperatures, coal reserves at thermal power plants fell sharply during the first week in February, hitting 57% of minimum, required volumes, Ukrenergo reported yesterday. To fill the ...

Monday, January 11

On the first anniversary of the shootdown of the UIA passenger jet over Tehran On the first anniversary of the shootdown of the UIA passenger jet over Tehran, Ukraine joined Afghanistan, Canada, Sweden the UK in stating: “Our countries will hold Iran to account to deliver justic...

Ryanair is suspending about 70% of its flights out of Kyiv Borsypil until April Ryanair is suspending about 70% of its flights out of Kyiv Borsypil until April, according to an analysis of the discount airline’s booking system by avianews.com. Until spring, only three out o...