Business news from Ukraine

“DTEK” has invested $1 bln in Ukraine during war

25 January , 2024  

DTEK Group’s total investments in its areas of activity in Ukraine, excluding the Tiligul wind farm project, amounted to approximately $550 million in 2023, and $1 billion in total since the beginning of the full-scale war, said Maxim Timchenko, CEO of the group.

“The total volume of investments in DTEK Group, excluding the Tiligul wind farm project (EUR 200 million – IF-U), was approximately $550 million last year, and $1 billion in total since the beginning of the full-scale war,” Timchenko said in an exclusive blitz interview with Interfax-Ukraine from the International Economic Forum (WEF) in Davos.

According to him, during the war, DTEK “invested huge amounts of money in grids, power plants, coal mining, oil and gas.”

“There are probably not many Ukrainian companies that have invested so much in the country’s economy during a full-scale war,” the DTEK CEO emphasized.