Business news from Ukraine

Business news from Ukraine

DTEK doubled investments in TPP repairs and coal mining

“In 2023, DTEK Energy invested about UAH 11 billion in the repair campaign at thermal power plants and Ukrainian coal mining, which is almost twice as much as in 2022, when investments amounted to about UAH 6 billion.

“Thanks to this, we managed to restore a significant part of the thermal generation capacities damaged by enemy shelling, implement the annual scheduled repair campaign at thermal power plants, and support the production of coal volumes necessary for their reliable operation,” the energy holding said in a press release on Friday.

Last year, the company’s power engineers restored nine power units after massive shelling. The renewed facilities made it possible to increase the operation of thermal generation at peak consumption.

“To prepare the equipment of thermal power plants for maximum performance in the current heating season, DTEK Energy has carried out 24 repairs of power units as part of the annual scheduled maintenance campaign,” the company said.

In addition, DTEK Energy has mothballed two additional power units with a total capacity of 500 MW to compensate for the capacities that could not be repaired before winter. Investments in the repair campaign, according to preliminary data, amounted to about UAH 4 billion, compared to UAH 2.2 billion in 2022.

As part of the repair campaign, the company purchased and stockpiled critical equipment in case of new shelling, and provided TPPs and mines with backup power sources in the form of more than 200 powerful generators.

Last year, DTEK Energy also put 26 new coal faces into operation, which allowed miners to meet their production targets and provide Ukrainian thermal power plants with enough fuel to operate during the heating season and other peaks in consumption.

According to preliminary data, the company’s investments in Ukrainian coal mining amounted to about UAH 7 billion, compared to UAH 3.8 billion in 2022.

“We went through the most difficult winter and recovered as much as physically possible after such large-scale attacks and in such a short time. And we have already come close to the equator of the current heating season. For our part, we have strengthened the resilience of thermal generation, as it bears the lion’s share of responsibility for balancing the power system during peak consumption,” summarized DTEK Energy CEO Ildar Saleev, as quoted in the press release.

“DTEK Energy provides a closed cycle of electricity generation from coal. The installed capacity in thermal power generation as of January 2022 was 13.3 GW). The company has established a full production cycle in coal mining: coal mining and enrichment, mechanical engineering and maintenance of mine equipment.

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