DTEKEnergy

Tuesday, October 24

The first delivery of coal from Poland arrives in Ukraine. DTEK Energy has imported 40,000 tons of coal from Poland for the heating season and plans to import another 170,000 tons. At the same time, DTEK Energy CEO Ildar Saleyev emphasized that Ukrainian mine...

Thursday, October 12

A Ukrainian private energy company is building power plants in the EU. DTEK Group Holding plans to complete the construction of the Ruginoasa wind farm in Romania by the end of the year, which is the first project by DTEK Renewables in Europe. Also, the company has large...

Wednesday, April 27

DTEK intends to oust Russian coal from Europe. DTEK, a diversified energy holding, plans to replace Russian coal in Europe with its supplies in the short term said DTEK CEO Maxim Timchenko. According to him, Ukraine has already started supplying ...

Thursday, February 24

DTEK has not changed its investment plans in Ukraine and continues to work as usual. DTEK continues to work within its strategic framework and has not changed its plans for investments in the development of the Ukrainian energy system, despite the threat of war. According to DTEKR...

Tuesday, February 8

A new shipment with 45,000 tons of coal arrived in Ukraine. A ship that delivered 45 thousand tons of coal from Colombia arrived in Ukraine, reported DTEK Energy. The Panamax-class ship docked in the port of TIS and within the coming days will replenish DTEK ...

Tuesday, January 25

DTEK has contracted four additional shipments of American coal. DTEK has agreed on an additional 4 Panamax-class vessels with imported fuel. New supplies of coal from the United States and originating in Colombia are expected to arrive in Ukraine in February-Marc...

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...

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, 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...

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 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...

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

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, 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...

Friday, June 4

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 , Tymchenko says. Due to the war, DTEK lost control of mines and power stations, which cut the company’s electricity production in half. “In 2012, we produced 51 billion KWh — in 2020, 26.3 bill...

Monday, May 31

DTEK’s Tiligulska wind power project, with a capacity of 126 MW, is under construction this summer and should produce power next year , DTEK reports. Located in southwest Mykolaiv, the project is largely financed with money from a green Eurobond that DTEK issued in the fall of 2019. If the government catches up with overdue payments...

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...

Tuesday, May 18

DTEK Energy yesterday completed a 14-month restructuring of its loan portfolio, converting current Eurobonds and major bank debt, totaling more than $2 billion, into new Eurobonds; the company said last night after London markets closed. In an announcement posted on the London Stock Exchange, DTEK said parts of the current debt on DTEK Energy Eurobonds were converted into $425 m...

Tuesday, May 11

Energy storage systems in Ukraine can receive $300 million in revenues a year , Volodymyr Kudrytskyi, chairman of Ukrenergo, predicted at a recent press conference, reports ExPro Consulting. Solar and wind power plant have production peaks and lows, necessitating storage system...

Wednesday, February 10

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 ...

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...

Monday, January 25

Ukraine imported a record amount of wine last year — $180 million. Ukraine imported a record amount of wine last year — $180 million. Top supplying countries are: Italy – $ 29 million; France – $ 27.5 million; and Georgia – $26 million. Over t...

China’s imports of Ukrainian grain are soaring during this marketing year China’s imports of Ukrainian grain are soaring during this marketing year, the Ukrainian Grain Association reports, citing figures released Thursday at an Agro meeting at Ukraine’s Embassy in Beijing....

After the United States, Ukraine was the world’s second largest grain exporter in the marketing year that ended June 30 After the United States, Ukraine was the world’s second largest grain exporter in the marketing year that ended June 30, Taras Kachka, Deputy Minister of Agriculture and Economy, told the Internationa...

DHL and Ukrzaliznytsia plans to develop China-bound trade from UZ’s left bank rail wagon marshalling yard at Liski DHL and Ukrzaliznytsia plans to develop China-bound trade from UZ’s left bank rail wagon marshalling yard at Liski, Logistics Manager, an Asia-oriented logistics news site, reports in a story headline...

Ukraine saved $3.4 billion last year on oil imports, cutting its import bill by 36% yoy Ukraine saved $3.4 billion last year on oil imports, cutting its import bill by 36% yoy, reports the State Customs Service. In volume terms, Ukraine cut imports by 5%, to 8 million tons. Top suppliers...

Industrial production dropped last year by 5% yoy, reports the State Statistics Service. Manufacturing was down 7% Industrial production dropped last year by 5% yoy, reports the State Statistics Service. Manufacturing was down 7%. Other big drops were: coal mining down 13%; and electricity generation down 6.6%. On...

Net foreign direct investment in Ukraine was the worst in 20 years Net foreign direct investment in Ukraine was the worst in 20 years, Lenna Koszarny Founding Partner and CEO of Horizon Capital, said Friday at a discussion of the draft National Economic Strategy 2030...

Last year’s remittances from Ukrainian workers abroad totaled $12 billion — almost five times the net direct foreign investment of $2.5 million. Last year’s remittances from Ukrainian workers abroad totaled $12 billion — almost five times the net direct foreign investment of $2.5 million. In 2018, net FDI added up to $2.4 billion. Kyrylo...

Despite coronavirus travel controls, worker remittances are expected to be near last year’s level. Despite coronavirus travel controls, worker remittances are expected to be near last year’s level. Ukraine’s State Border Guard Service reports that 35% of the 11,250,000 border crossings out of Ukrai...

The sale of large state companies starts this year and will not be reversed, The sale of large state companies starts this year and will not be reversed, Prime Minister Shmygal vowed Friday at the meeting to debate the National Economic Strategy through 2030. He added: “Invest...

To promote investment into Ukraine, UkraineInvest is creating up to 70 information offices in Ukrainian embassies around the world To promote investment into Ukraine, UkraineInvest is creating up to 70 information offices in Ukrainian embassies around the world, Serhiy Tsivkach, executive director of the Investment Promotion Agen...