Business news from Ukraine

COALMINES OF DTEK ENERGY CUT PRODUCTION BY 6.8%

Coalmines of DTEK Energy in January-September 2019 produced 16.5 million tonnes of run-of-mine (ROM) coal, which is 6.8% less than in January-September 2018 (UAH 17.7 million tonnes).
According to the company’s press release, by the end of this year, DTEK Energy’s mines plan to produce a total of more than 23 million tonnes of coal.
“Successfully passing the heating period is task number one for all energy companies. DTEK, as a representative of thermal generation, accumulates sufficient coal reserves in the warehouses of thermal power plants before the start of winter. Our priority is domestic fuel. DTEK Energy’s mines produce 1.8 million tonnes per month. It is possible to achieve such indicators thanks to the hard work of our miners and constant investments in coal mining,” DTEK Energo CEO Dmytro Sakharuk said.

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UKRAINIAN DTEK BUYS 73,000 TONNES OF COLUMBIAN COAL FOR THERMAL POWER PLANTS

DTEK Energo has bought 73,000 tonnes of coal from a gas group from Columbia.
According to the company’s press release, in Yuzhny port in Odesa region W-Ace dry bulk carrier has already been disembarked, after which coal will move to DTEK thermal power plants (TPP).
As DTEK Energo Director General Dmytro Sakharuk said, Ukraine will face peak loads in October, so for the successful completion of the heating season the holding is steadily increasing coal reserves in the warehouses of its TPPs.
In total, DTEK contracted five bulk carriers with coal from Columbia. Three have already arrived in Ukraine, one more is expected next week, and the last will arrive in October.
As reported, as of September 20 DTEK already prepared 756,000 tonnes of coal in the warehouses of its TPPs.

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DTEK OIL&GAS ACCUMULATES MAJORITY STOCK HOLDING OF DTEK KYIV ELECTROMEREZHI

DTEK Oil&Gas B.V. has acquired shares of PrJSC DTEK Kyiv Electromerezhi in an amount of 4.000395% of a charter capital and jointly with the affiliated persons became an owner of a majority stock holding of this enterprise in an amount of 97.936969% of a charter capital or 106.129 million shares.
“The highest share price at which the company or its affiliates acquired shares of the company during the 12 months, preceding the acquisition date of the majority stock holding taking into account the date of acquisition, is UAH 9.31 (at a face value of UAH 0.2),” DTEK Oil&Gas B.V. reported.
According to the new ownership structure, DTEK B.V. owns 72.934662%, Ornex Limited – 20.999605%, DTEK Oil & Gas B.V. – 4,000395% and Oil & Gas Overseas Trading B.V. – 0.002307%.
DTEK Kyiv Electromerezhi is a part of DTEK Networks (established in 2018) that deals with electricity distribution and that includes another six enterprises: DTEK Dnipro Grids, DTEK Donetsk Grids, DTEK Grid Transmission Systems, and DTEK ENE Energovuhillia, Kyivoblenergo and Odesaoblenergo. The company provides services for 5.4 million housing entities and 150,000 enterprises.

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DTEK CUTS COAL IMPORTS BY 33.6%

DTEK Group through January-June 2019 reduced coal imports by 33.6% (501,400 tonnes) compared to the same period last year, to 991,300 tonnes, according to a press release from the company.
In the first half of the year, DTEK enterprises decreased production of coal by 2.5% compared to the same period of 2018, to 12.571 million tonnes.
In particular, the production of G and DG grade coal (Ukraine) for the first sixth months of 2019 decreased by 0.9%, to 11.325 million tonnes. Production of A grade coal by Obukhovskaya mine (the Russian Federation) for this period decreased by 14.8%, to 1.246 million tonnes.
Concentrate output fell by 5.5%, to 5.485 million tonnes. In particular, output at third-party processing plants in Ukraine fell by 85.2%, to 72,200 tonnes, while at Obukhovskaya mine fell by 6.7%, to 847,300 tonnes.

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DTEK CUTS COAL IMPORTS BY 33.6%

DTEK Group through January-June 2019 reduced coal imports by 33.6% (501,400 tonnes) compared to the same period last year, to 991,300 tonnes, according to a press release from the company.
In the first half of the year, DTEK enterprises decreased production of coal by 2.5% compared to the same period of 2018, to 12.571 million tonnes.
In particular, the production of G and DG grade coal (Ukraine) for the first sixth months of 2019 decreased by 0.9%, to 11.325 million tonnes. Production of A grade coal by Obukhovskaya mine (the Russian Federation) for this period decreased by 14.8%, to 1.246 million tonnes.
Concentrate output fell by 5.5%, to 5.485 million tonnes. In particular, output at third-party processing plants in Ukraine fell by 85.2%, to 72,200 tonnes, while at Obukhovskaya mine fell by 6.7%, to 847,300 tonnes.

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DTEK ENERGY HOLDING EXPANDS ELECTRIC CHARGING STATIONS ON KYIV-ODESA HIGHWAY

DTEK Energy Holding has installed four high-speed STRUM electric charging stations for electric vehicles with a capacity of 50 kW each on the Odesa highway, the company’s press service has reported. “Our stations with a capacity of 50 kW charge a car battery to 80% in 20-40 minutes,” Ihor Kovalev, the STRUM network project manager.
Electric charging stations are installed in the parking lot of the Zolota Pidkova hotel and restaurant complex (the Chupyra village, Kyiv region), at the SOCAR fuel filling station (Ropotukha, Cherkasy region), at the Shell fuel station (Nastasiyevka, Odesa region), and at the parking lot of the METRO supermarket in Odesa. One can find free electric charging station through the STRUM Charging mobile application.
The company also noted that by the end of summer the STRUM network plans to install up to 23 high-speed charging stations.

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