“DTEK Energy has put into operation all 26 coal longwalls planned for this year, DTEK Energy CEO Ildar Saleev said on his Facebook page.
“I can state that thanks to their hard work, the miners have coped with this task this year. We produced as much as we planned. For this purpose, we invested about UAH 7 billion in Ukrainian coal mining during the year, which is almost twice as much as in 2022,” he wrote.
Saleyev also reminded that as part of the “additional airbag” formation, the company has contracted 280 thousand tons of imported thermal coal for the current heating season, and as of today, more than half of it has already been delivered from Poland – almost 150 thousand tons.
“We are not stopping there, because everyone has the same task – to continue to hold the energy front so that Ukrainians have electricity and heat,” summarized the CEO.
“DTEK Energy provides a closed cycle of electricity generation from coal. As of January 2022, the installed capacity of thermal power 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.
“Corum Druzhkovka Machine-Building Plant (Corum DrMZ), a part of Corum Group (DTEK Energy), whose production site is located in Dnipro after the relocation, has produced 242 units of underground transport this year, fulfilling all orders for the supply of underground transport, having manufactured 242 units.
“After the plant was relocated, we had to re-establish production. Production of underground transport was no exception. However, Corum DrMZ machine builders have managed to cope and have even already fulfilled all orders for the production of trolleys,” the company’s Facebook page says.
In particular, 228 freight trolleys were produced, including 173 units of the most popular VG3.3-900, which can move up to 6 tons of coal; as well as 22 VDK2.5K trolleys designed for 4.5 tons of coal and capable of unloading anywhere without a special unloading mechanism (used in mine construction and during the reconstruction of coal enterprises).
In addition, in the first ten months of 2023, the plant shipped 33 transport trolleys to mines, which are used in mine construction.
“The mines are also updating their passenger car fleet. This year, machine builders have produced 13 trolleys for transporting miners through horizontal mine workings and one for transporting passengers through inclined mine workings with inclination angles of 6 to 30°,” the statement said.
All underground mine transport was made to order for DTEK Energy’s mines.
As reported, the plant produced the first freight cars after the relocation in May this year, having made changes to the design and manufacturing technology of parts and the car in general while maintaining quality.
Corum Group is a leading manufacturer of mining equipment in Ukraine and is part of DTEK Energy, the operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s DTEK holding.
“Corum DrMZ increased its loss by 2.6 times in 2022 compared to 2021, to UAH 458.3 million, while revenue fell by 2.3 times to UAH 559 million.
Since the beginning of Russia’s full-scale invasion of Ukraine, DTEK Energy’s coal mining, power and machine-building companies have hired over 6.8 thousand new employees, more than 2.6 thousand of whom are IDPs, the energy holding said in a press release on Wednesday.
“The lion’s share (of the total number of employees – IF-U), which is more than 2.6 thousand people, are Ukrainians who were forced to leave their homes due to the occupation or the proximity of hostilities,” the document says.
According to the company, the vast majority of IDPs, which is about 95%, were employed at DTEK Energy’s coal mining enterprises. Most of them did not have a mining specialty and were retrained directly at the workplace.
“Another 850 new employees are young people who have just graduated from educational institutions and found their first jobs at mines,” the energy holding said.
According to DTEK Energy CEO Ildar Saleev, during the war it is extremely important that each company not only works to the maximum but also remains a responsible employer and a reliable partner for communities.
“In the history of DTEK Energy, we have experienced numerous relocations of employees from dangerous places and relocations of our enterprises. That is why we understand and always try to support people forced to leave their homes because of the hostilities,” said Saleyev in a press release.
“DTEK Energy provides a closed cycle of electricity generation from coal. The installed capacity of thermal generation as of January 2022 is 13.3 GW. A full production cycle has been created in coal mining: coal mining and enrichment, machine building and maintenance of mine equipment.
DTEK Group is the largest private investor in the energy sector of Ukraine.
DTEK Group companies are engaged in coal and natural gas production, electricity generation at wind, solar and thermal power plants, energy trading on local and international markets, distribution and supply of electricity to consumers, and energy efficiency services to customers.
The group employs about 60 thousand people.
100% of DTEK Group is owned by SCM Limited, with Rinat Akhmetov as the ultimate beneficiary.
Corum Group engineering company (“DTEK Energy”) manufactured and delivered a high capacity scraper conveyor to Metinvest’s Pokrovske mine, the company said on Facebook.
“The scraper conveyor is designed to transport coal, including in conditions of high concentration of dust and gas,” the statement said Friday.
The length of the conveyor – 120 m, power capacity – 2×85/250 kW, the load – from 1320 t/hour.
The company specified that a number of improvements have been made to the conveyor-loader’s design to increase its reliability; in particular, the construction of the chutes, the drive frame and the side group has been improved. The cost of the equipment was not disclosed.
Corum Group is Ukraine’s leading manufacturer of mining equipment and is part of DTEK Energo, the operating company responsible for coal mining and electricity generation from coal within Rinat Akhmetov’s DTEK holding.
As previously reported, as part of the relocation of Corum’s Druzhkivka Machine-Building Plant (Donetsk Region) and Svet Shakhtyora Plant (Kharkiv), production sites were created in Dnipropetrovsk, Volynsk and Khmelnytskyi regions.
In May 2022 the company manufactured its first roadheader after its relocation at the combine assembly plant in Dnipropetrovsk.
As of December 2022 (for 10 months of war) the company produced 133 units of mining equipment, eight combine harvesters and 454 units of spare parts and components.
The energy holding DTEK Energo asked the holders of its Eurobonds for $1.645 billion maturing in 2027 to agree to the payment of the next two coupons for the first and second quarters of this year at a rate of 3.5% per annum, with a capitalization of the remaining 4% at a rate of 8.5% per annum and paid later.
According to the company’s announcement on the London Stock Exchange, DTEK Energo expects a response from the holders by 16:00 London time on April 8.
In case of a positive answer, half of the coupon due on March 31 will be paid the next day after the approval of the Eurobond holders’ consent, and half of the coupon on June 30 – on the same day, June 30.
Earlier in March, the agricultural holding MHP, the largest producer of chicken meat in Ukraine, had already approached holders of three issues of its Eurobonds worth $1.4 billion and creditor banks worth $126 million with a proposal to defer interest payments for 270 days due to the war launched by Russia against Ukraine. MHP received a positive response from its creditors ahead of schedule.
“The revision of the conditions for making coupon payments to holders of DTEK Energy’s Eurobonds was caused by a significant deterioration in the company’s financial performance in March 2022 amid the war with the Russian Federation (…) This is an expected step during the war in Ukraine,” Interfax-Ukraine was previously explained “The company needs this step.
In the latest exchange announcement, DTEK Energy indicated that due to the war unleashed by Russia, it faced a number of serious problems and disruptions, including, among other things, a reduction in domestic demand for electricity and a decrease in its prices (up to UAH 1,800–2,000 per MWh ). In addition, exports were stopped until March 28, and after the resumption they go only to Poland and are limited to 200 MW per day, the collection of payments has significantly decreased, critical repairs and mandatory fixed costs have increased as a result of the damage incurred, and there is also a shortage of personnel and logistics. support.
The company added that on February 25, it lost control over the Luhanska TPP, and the Zaporizhzhya TPP, due to the impossibility of delivering coal reserves to it due to damage and disruptions in the operation of the railway infrastructure, operates only one unit. During March, DTEK Energy was able to operate on average only 9 to 13 units of its thermal power plants with a total capacity of only about 1,500 MW, and, accordingly, its electricity production fell by about 30% compared to March 2021, the report specifies.
As a result, the group posted negative operating cash flow for March 2022 and expects this to continue through at least the second quarter of 2022.
DTEK Energy also allows for the postponing of the publication of its audited consolidated financial statements for 2021, given the scale of disruptions in the group’s business and operating environment and the need to provide additional time for auditors to analyze conditions in Ukraine and their impact.
Earlier, when addressing creditors, the company emphasized that it had already taken a number of measures to mitigate the consequences and to rationalize operations and cash flows. Among them, in particular, the constant balancing of the necessary efficient production based on the ratio of fixed and variable costs and the collection of payments; negotiations with the regulator and other government agencies to maintain a proper business environment; minimizing capex and optimizing administrative costs.
“(…) in the current circumstances, the proposals are in the interests of the company, its creditors and all interested parties (…). DTEK Energy is confident in the understanding and support of the international investment community, which is extremely important so that it can firmly and unitedly fight for the integrity freedom and security of independent Ukraine,” the company noted on March 31, when it first announced its intention to capitalize and defer the payment of half of the next two coupons.
DTEK Energy is an operating company responsible for coal mining and electricity generation from coal within Rinat Akhmetov’s DTEK holding.
Pavlohradvuhillia and Bilozerska mines, which are part of DTEK Energy, produced 15.2 million tonnes of coal in January-November 2021, which corresponds to the same production volume for the same period in 2020, the press service reported.
In November 2021, production amounted to about 1.5 million tonnes against 1.3 million tonnes in November 2020 (excluding Dobropilliavuhillia, already returned from lease).
DTEK Energy commissioned 28 new longwalls at its mines in 11 months, in November – five.
“DTEK Energy continues to produce maximum coal at its own mines. This is very important for the stability of the Ukrainian energy system during peak periods of consumption. In November, we produced about 1.5 million tonnes of G grade coal and put into operation five new longwalls. Also, the Dniprovske and Heroiv Kosmosu mine administrations have fulfilled the annual production plan ahead of schedule and continue to increase it to the maximum,” CEO of the company Ildar Saleev said.
As reported, DTEK Energy plans to ensure the production of about 17 million tonnes of coal in 2021.
DTEK Energy is an operating company responsible for coal extraction and enrichment, maintenance of mine equipment and power generation in the structure of DTEK Holding of Rinat Akhmetov.
