Business news from Ukraine

Business news from Ukraine

“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.

“DTEK” has commissioned 11 new coal faces

In January-July this year, DTEK Energy’s miners commissioned 11 new coal faces to meet the fuel needs of thermal power plants during summer peaks and accumulate sufficient reserves for the upcoming heating season, the energy holding said on Tuesday.
“Power engineers are working to restore the damaged and destroyed TPPs as soon as possible. And the miners are doing everything possible to ensure that these facilities have sufficient fuel reserves to cover the summer and winter peaks in electricity consumption,” DTEK Energy CEO Ildar Saleev said in a press release.
According to him, the company is implementing a plan to put 27 new longwalls into operation this year.
“11 have already been commissioned, and we plan to commission another 16 in August and December,” Saleev said.
In 2023, DTEK Energy miners commissioned 26 new longwalls.
As reported, in 2023, the energy holding’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.
As reported, DTEK energy holding plans to restore 60-70% of the thermal generation facilities destroyed by Russian attacks by October this year, provided there is no new shelling. Since March of this year, massive missile and drone strikes on Ukrainian energy facilities have destroyed 90% of its thermal generation.

“DTEK” has manufactured 8 new shearers

In January-June this year, DTEK Energy machine builders manufactured and repaired 757 units of mining equipment, including 8 new tunnelling and shearers.

“Machine builders also provided miners with 542,000 spare parts and components,” the energy holding said in a press release on Thursday.

According to the company, such volumes of the required equipment make it possible to continue laying a stronger foundation for the thermal generation to go through the next heating season.

“There are only a few months left before the autumn-winter period. We are strengthening the energy front, which suffers from constant enemy attacks, from all sides. Power engineers are working 24/7 to restore the destroyed and damaged capacities of thermal power plants. Miners are working to meet the fuel needs of thermal power plants. And machine builders are working to ensure that the latter have everything they need,” said DTEK Energy CEO Ildar Saleev, as quoted in the 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.

Schedules of hourly power outages on Saturday will be applied throughout day

Schedules of hourly power outages on Saturday, July 6, will be applied throughout the day, DTEK Energy Holding Company said.

According to its message in its Telegram channel, this is the order of the system operator NEC Ukrenergo.

https://interfax.com.ua/

 

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