Business news from Ukraine

Business news from Ukraine

DTEK manufactured 10 new shearers

In January-September 2024, DTEK Energy’s machine builders manufactured and repaired 982 units of mining equipment, including 10 new tunnelling and shearers, and provided miners with 758,000 spare parts and components, the company said in a press release on Friday.
“Power engineers have been continuing to restore the power plant 24/7 for many months. Miners are mining coal and maintaining sufficient fuel supplies at thermal power plants, and machine builders are helping them with this by providing the necessary equipment. The key thing for everyone is to restore capacities as soon as possible and to improve the reliability of Ukrainian thermal power plants during the winter,” said DTEK Energy CEO Oleksandr Fomenko, as quoted in the document.
According to the energy holding, thanks to the support of machine builders in equipment, the company’s miners have commissioned 16 new coal faces in the first nine months of this year and plan to commission another 9 by the end of the year.
DTEK Energy’s investments in Ukrainian coal mining are expected to reach about UAH 7.7 billion in 2024.
As reported, in 2023, the company’s investments in Ukrainian coal mining amounted to about UAH 7 billion, which is almost twice as much as in 2022.
“DTEK Energy provides a closed cycle of electricity generation from coal. As of January 2022, the company’s installed capacity in thermal generation amounted to 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.
Currently, most of DTEK Group’s thermal generation facilities have been destroyed as a result of Russian attacks.

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“DTEK Energy” has invested over UAH 2.3 bln in repairs and rehabilitation of TPPs

“In January-September 2024, DTEK Energy invested over UAH 2.3 billion of its own funds in the repair and restoration of thermal power plants (TPPs).
According to the company’s press service, its goal is to restore as much capacity as possible that was damaged or destroyed as a result of numerous enemy attacks on the energy sector to ensure a more reliable heating season.
As reported earlier, DTEK Energy plans to invest about UAH 3.9 billion in the repair and restoration of TPPs in 2024, which is in line with last year’s investments.
Since the beginning of the full-scale Russian invasion, DTEK Energy’s TPPs have been attacked by the enemy more than 190 times. As a result of the attacks, 56 power engineers were injured and three were killed.
In March and June this year alone, the enemy carried out seven massive attacks on the company’s TPPs. The shelling destroyed or damaged about 90% of DTEK’s thermal generation capacity.

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DTEK to build 20 MW energy storage facility in Bohuslav

At the end of September, Bohuslav City Council authorized DTEK Kyiv Regional Grids to lease a 0.5 hectare plot of land for the construction of a 20 MW energy storage facility.

According to a post on the website of the Bohuslav city community, the purpose of the construction is to enable automatic frequency regulation in the integrated power system of Ukraine to avoid the introduction of emergency outage schedules for consumers.

The construction of the storage system will help reduce fluctuations and emergency outages and the likelihood of system accidents.

“We ask citizens who were engaged in gardening in this area to vacate the land plots after harvesting,” the statement said.

As reported, DTEK will build energy storage facilities in Ukraine with a total capacity of 200 MW, and investments in the project will amount to EUR140 million. The batteries will be commissioned in a number of regions of the country no later than September 2025.

“DTEK is also a participant in the construction of the first large-scale electricity storage project in Poland. The goal is to create a pan-European energy system designed to unite Ukraine and the EU.

“DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management (SCM, Donetsk). The corporation has been delegated the functions of strategic management of the group’s enterprises, which make up a vertically integrated chain of coal mining and enrichment, electricity generation and sales.

The energy holding strives to transform into a more efficient, environmentally friendly and technologically advanced business, guided by ESG principles. The group plans to achieve carbon neutrality by 2040.

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“DTEK” to invest €140 mln in energy storage facilities in Ukraine

“DTEK will build energy storage facilities in Ukraine with a total capacity of 200 MW, the company’s press service said on Thursday.
According to it, investments in the project will amount to EUR140 million, making the company the largest investor in this area in the country.
The batteries will be commissioned in a number of regions of the country no later than September 2025.
The press service reminded that on August 22, DTEK Group companies, together with other energy industry players, won a competitive auction held by NPC Ukrenergo for the provision of ancillary services.
“Despite the war and limited access to the external capital market, we continue to invest in Ukraine. This includes not only the restoration of the destroyed facilities but also the construction of new ones as part of our long-term development strategy. Our priority remains unchanged – it is the development of green energy in Ukraine, the accelerated integration of our energy system into Europe and the improvement of our country’s energy security,” said DTEK CEO Maxim Timchenko.
As reported, DTEK is also a participant in the construction of the first large-scale electricity storage project in Poland. The goal is to create a pan-European energy system designed to unite Ukraine and the EU.
DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management (SCM, Donetsk). The corporation has been delegated the functions of strategic management of the group’s enterprises, which make up a vertically integrated chain of coal mining and enrichment, electricity generation and sales.
DTEK is committed to transforming into a more efficient, environmentally friendly and technologically advanced business, guided by ESG principles. The group plans to achieve carbon neutrality by 2040.

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DTEK has manufactured 9 new shearers

DTEK Energy’s machine builders have manufactured nine shearers and 618 thousand spare parts to support the operation of Ukrainian mines in seven months of 2024.
“Over seven months of this year, the company’s machine builders have manufactured and repaired about 800 units of mining equipment. Among the key ones are nine new tunnelling and shearers,” the energy holding said in a press release on Wednesday.
According to the company, such volumes of the required equipment lay a stronger foundation for the thermal generation to pass the upcoming heating season.
“There is less and less time left before the start of the next challenging autumn-winter period – about two months. However, power engineers, repairmen, miners and machine builders have been preparing for it for a long time. The priority is to recover as soon as possible. But for thermal power plants to operate more reliably in winter and balance the power system, they also need to be provided with sufficient coal reserves,” said DTEK Energy CEO Ildar Saleev, quoted in a press release.
As reported, in 2023, the company’s investments in Ukrainian coal mining amounted to about UAH 7 billion, which is almost twice as much as in 2022.
“DTEK Energy provides a closed cycle of electricity generation from coal. As of January 2022, the company’s installed capacity in thermal generation amounted to 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.
Currently, most of DTEK Group’s thermal generation facilities have been destroyed as a result of Russian attacks.

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“DTEK” repaired 9.2 thousand kilometers of transmission lines

In the first half of 2024, distribution system operators of DTEK Grids repaired about 9.2 thousand kilometers of power lines of various voltage classes and 3.3 thousand substations and distribution points of various voltage levels.
“The works were carried out as part of the repair and investment program. The DSOs also invested more than UAH 2.2 billion in the renovation of power facilities in the first half of the year,” the energy holding said in a press release on Friday.
According to the document, despite the full-scale hostile aggression, the planned works are carried out every year to ensure the stability of the power grids during peak loads in the autumn and winter.
In particular, DTEK’s specialists have already reconstructed four distribution points and modernized 17 substations.
The company noted that due to the use of stabilization outage schedules, power equipment wears out and breaks down faster, so the amount of investment required increases.
“In the first half of 2024, the total investment since the beginning of the year under the investment program amounted to more than UAH 2.2 billion. By the end of the year, we plan to invest an additional UAH 2.6 billion in the development and renewal of the energy infrastructure,” said Oleksandr Fomenko, CEO of DTEK Grids, quoted in the press release.
According to DTEK Grids, the energy company continues to replace outdated meters with expiring service life by installing smart meters instead. In particular, in January-June, the company replaced 89.5 thousand meters, and plans to replace another 91.9 thousand meters by the end of the year.
In order to prepare for the heating season 2024/25 as efficiently as possible, the company also called on companies servicing apartment buildings – housing offices, condominiums and management companies – to inspect their equipment, carry out the necessary maintenance and eliminate possible malfunctions. “According to statistics, people were left without electricity in their homes in 25% of cases on average due to accidents in the adjacent networks,” DTEK explained.
“DTEK Grids develops the electricity distribution and power grid operation business in Kyiv, Kyiv, Dnipro, Donetsk and Odesa regions. The energy holding’s DSOs serve 5.5 million households and 158 thousand enterprises.