Two of DTEK’s eight power generating plants run on anthracite coal which no longer is produced in government-controlled areas of Ukraine.
Monday, April 22, 2019
Two of DTEK’s eight power generating plants run on anthracite coal which no longer is produced in government-controlled areas of Ukraine. DTEK has planned to entirely fuel these two plans with 2.2 million tons of coal imported from Russia, some from its own mines. Concorde Capital’s Alexander Paraschiy writes: “If DTEK won’t be able to supply coal to Luhanska from Russian territory (either from DTEK-related mines or from other Russian suppliers), the plant will have to either switch to burning natural gas (which is too expensive) or halt its operations altogether…All in all, we continue to consider DTEKUA Eurobonds as the most exposed to political risks of 2019.”