Business news from Ukraine

DTEK PAVLOHRADVUHILLIA PLANS TO INVEST ALMOST UAH 30 BLN IN PRODUCTION BY 2030

12 March , 2021  

DTEK Pavlohradvuhillia plans to invest almost UAH 30 billion in production by 2030, which will ensure the production of 141 million tonnes of coal, according to a press release from DTEK Energy, citing a press conference by DTEK Pavlohradvuhillia CEO Serhiy Voronin in Pavlohrad (Dnipropetrovsk region) on March 11.
“Despite the decline in the generation of TPPs, we see clear prospects for the development and full-fledged operation of our enterprises as part of DTEK Energy, at least for the next 10 years. Until 2030, manoeuvring generation will remain the most important link in the Ukrainian energy system, and it needs our coal,” Voronin said.
According to him, the company will allocate UAH 30 billion of investments for the purchase and overhaul of mining equipment and for the implementation of projects to improve the culture of production and the level of safety.
Coal will be mined at six mines of the association, the remaining four will be closed due to exhaustion of reserves.
“We are concentrating coal production at six mines. Four mines will be closed due to the end of effective coal reserves, two this year, two in a few years. The closure of mines due to the completion of reserves is a natural process, since the term of any mine is not infinite,” the CEO said.
One of the priority tasks of DTEK Pavlohradvuhillia is the development of digitalization projects.

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