Business news from Ukraine

DTEK REDUCES COAL IMPORTS BY 24% IN Q1

DTEK Group in January-March 2019 reduced coal imports by 24.1% (224,700 tonnes) compared to the same period last year, to 707,700 tonnes, according to a press release from the company.
In the first quarter, DTEK enterprises increased production of coal by 1.3% compared to the same period of 2018, to 6.476 million tonnes.
In particular, the production of G and DG grade coal (Ukraine) in January-March 2019 increased by 0.4%, to 5.782 million tonnes. Production of A grade coal by Obukhovskaya mine (the Russian Federation) for this period increased by 9.9%, to 694,600 tonnes.
Concentrate output rose by 1.4%, to 2.843 million tonnes. In particular, output at third-party processing plants in Ukraine decreased by 74.7%, to 58,000 tonnes, while at Obukhovskaya mine rose by 33.2%, to 472,900 tonnes.

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DTEK GAINS CONTROL OVER KYIVOBLENERGO

PrJSC Kyivoblenergo has stated DTEK had gained control over the company, having received relevant information from the Agency for the Development of the Ukrainian Stock Market Infrastructure.
In addition, according to reports on the website of the regional energy company, the supervisory board of the company at a meeting on May 24 fired the board headed by Volodymyr Cherniavsky.
New members of the board have not been elected, but it is absent DTEK-controlled power grid companies, while the director general is in charge of operative management.

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COMPETITION AGENCY PERMITS DTEK TO BUY STAKES IN KYIVOBLENERGO AND ODESAOBLENERGO

The Antimonopoly Committee of Ukraine has permitted DTEK Oil & Gas to acquire controlling stakes in Kyivoblenergo and Odesaoblenergo belonged to VS Energy Group, the press service of the committee has reported, referring to the decision made on Thursday.
“Today the Antimonopoly Committee of Ukraine granted permission to DTEK Oil & Gas to acquire shares of Kyivoblenergo and Odesaoblenergo under the strict condition of fulfilling obligations that neutralize the possible negative impact on electricity markets,” the committee said.
In the beginning of 2019, DTEK announced its intention to build up 68.2949% of the shares in Odesaoblenergo and 93.9978% in Kyivoblenergo owned by the VS Energy Group. Oil and gas companies of DTEK Oil & Gas Group (Ukraine) and NGR B.V. (the Netherlands) on January 3, 2019 entered into contracts for the sale of shares in these companies.

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DTEK ENERGY HOLDING OPENS 12,000 SQUARE METERS EDUCATIONAL PLATFORM AT UNIT.CITY

DTEK Energy Holding has announced the start of transformation of its corporate university into an innovative educational business platform, Academy DTEK, and on February 21 presented a training platform in UNIT.City, where it occupied two floors of a new six-storey campus, the total rental area of which is 12,000 square meters. “Academy DTEK is becoming an innovative educational business platform open to business representatives, the public sector, the public, and international partners,” Oleksandr Kucherenko, the Director for Sustainable Development at DTEK, said at a press conference during the presentation.
He clarified that the corporate university was created nine years ago, and in 2014 began entering foreign markets. According to him, it currently works with 17 government organizations, including the National Bank, the Ministry of Environment and Natural Resources, the Ministry of Infrastructure, the Ministry of Finance, the Ministry of Energy and Coal Industry, Ukrposhta, for which 72 training events were held last year.
Kucherenko noted that in the new quality Academy DTEK will introduce in Ukraine international HR practices together with its partners: the business schools and organizations INSEAD, IE Business School, Thunderbird, HRCI, Kyiv-Mohyla Business School.

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DTEK RES STARTS PREPARATION FOR BUILDING 240 MW POKROVSKA SOLAR PLANT

DTEK Renewables (DTEK RES) starts preparation for the construction of Pokrovska solar power plant with a capacity of 240 MW in Dnipropetrovsk region.
The press service of DTEK Group told Interfax-Ukraine a contract has already been signed with Siemens, which has been elected general contractor for the construction of a 35/150 kV substation with the supply of all key equipment.
“We are launching another important project in the renewable energy industry of Ukraine. The construction of such large infrastructure projects as Pokrovska solar plant is a significant contribution to the implementation of the Energy Strategy of Ukraine. Only through the work of this solar plant, we plan to produce about 400 million kWh of “green” electricity that will allow reducing carbon dioxide emissions by 400,000 tonnes. Investments in the project will amount to about EUR200 million,” DTEK Renewables CEO Philipp Leckebusch said.

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UKRAINIAN DTEK BUILDS LARGEST SOLAR POWER PLANT IN EUROPE

Solar-Farm 1 LLC in the middle of January 2019 launched the largest solar power plant in Ukraine with a capacity of 246 MW in Nikopol district of Dnipropetrovsk region. The National Commission for Energy, Housing and Utilities Services Regulation (NCER) on February 15, 2019 approved the draft resolution on setting the feed-in tariff for Nikopol solar power plant in the amount of EUR 15.03 per MW until 2030.
It is planned that Nikopol solar power plant will generate up to 290 million kWh of electricity a year. This is the largest solar power plant in Ukraine and Europe.
Solar-Farm 1 LLC belongs to DTEK Renewables B.V., operating the assets of DTEK Group in the sphere of renewable energy. As reported, the contractor of the plant is China Machinery Engineering Corporation (CMEC). Trina Solar Limited delivered solar cell arrays for the plant.
In March, the plant will be connected to the power grid. The plant will be able to fully meet the needs of 100,000 households in Ukraine and reduce carbon dioxide emissions by more than 300,000 tonnes per year.
To ensure the connection of the solar power plant in Nikopol (Solar-1 LLC), national energy company Ukrenergo plans to reconstruct the open-type 150 kV switchgear of 330 kV Nikopol substation, with an expected tender price of up to UAH 20.833 million.
In 2017, DTEK launched its first Tryfonivka solar power plant with a capacity of 10 MW in Kherson region. DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management Group (SCM, Donetsk). The corporation performs functions of strategic management of the group’s enterprises, which constitute a vertically integrated chain of coal production and washing, production and sale of electricity.

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