Business news from Ukraine

DTEK ENERGY’S THERMAL POWER PLANTS INCREASES ELECTRICITY SUPPLY BY 12%

DTEK Energy’s thermal power plants (TPP) increased electricity supply by 12.1% in January-May 2018 compared to the same period in 2017, to 13.5 billion kWh, the company’s press service has reported.
According to its information, in particular power supply from thermal power plants working on gas coal grew by 21.7%, to 11.5 billion kWh, while those on anthracite reduced by almost 30%, to 2 billion kWh.
The press service noted that the company increases production of electricity from Ukrainian coal through a project to transfer two blocks of Prydniprovska TPP to gas coal (completed in late 2017), as well as increased loading of its other TPPs on gas coal.
“DTEK TPPs operate in the mode required for the power system and show very good dynamics of electricity production from gas coal. It’s nice to see that the project we implemented at Prydniprovska TPP not only helps reduce the volume of coal imports to the country, but also creates prerequisites for building up own production in Ukraine,” Director for Power Generation at DTEK Energy Serhiy Kurylenko said.
DTEK Energy plans by the end of 2018 to complete the transfer of two more units of Prydniprovska TPP from anthracite to gas coal, which will allow the station to provide the required amount of electricity production without using anthracite.

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LARGEST UKRAINIAN PRIVATE ENERGY HOLDING DTEK WILL RETAIN BRAND CORUM

DTEK Energy, the largest Ukrainian private energy holding, will retain the machine building brand Corum, the press service of the holding has told Interfax-Ukraine. “Corum enterprises, which are part of DTEK Energy, will continue their work in the external competitive markets of machine building both in Ukraine and abroad. Corum will also retain its brand, which is already well known. In the structure of the company, Corum enterprises will be managed as a separate business unit within DTEK Energy,” the press service noted.
DTEK Energy added that the duties of Corum Director General are performed by Mykhailo Potapov.
As reported, previously DTEK Energy, part of DTEK Holding, acquired shares in PJSC Svitlo Shakhtaria, Druzhkivka Machine Building Plant LLC, and Mining Machines LLC, which were formerly part of Corum Group.
DTEK Energy is the operating company responsible for coal mining, generation and distribution of electricity in the structure of DTEK Holding.

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DTEK MINES RAISE GAS COAL OUTPUT BY 5% IN APRIL

DTEK’s mines in April 2018 increased gas coal production by 5% compared to April 2017, to 2 million tonnes, the company’s press service has reported.
“The growth in production at DTEK Pavlohradvuhillia in April this year was 3% compared to April 2017, to 1.7 million tonnes, at DTEK Dobropilliavuhillia it stood at 19%, to 334,000 tonnes,” the report said.
According to the press service, in April the company invested UAH 387 million in the development of production at the mines of DTEK Pavlohradvuhillia and DTEK Dobropilliavuhillia. Of these, UAH 167 million was invested in the purchase and overhaul of purification equipment, UAH 94 million in capital mining and UAH 29 million in tunnel equipment.
Since the beginning of the year, 12 longworks have been commissioned at DTEK’s coal enterprises.

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CHINA’S CMEC AND DTEK PLAN TO BUILD 200 MW SOLAR PLANT IN UKRAINE, VOLUME OF INVESTMENTS EXCEEDS EUR230 MLN

DTEK and China Machinery Engineering Corporation have signed a contract for the construction of a solar power plant with an installed capacity of 200 MW in Nikopol (Dnipropetrovsk region). DTEK Head Maksym Tymchenko told reporters the project cost is estimated at EUR230 million.
The construction of the facility is to be completed by the end of this year. It is planned from March 2019 to start electricity supply to the energy system of Ukraine.
“The 200 MW project is the beginning of the road. We have ambitious plans to build up to 1,000 MW of solar and wind power generation facilities by the end of 2019. The volume of investments for such projects will exceed EUR1 billion,” the DTEK head said.
Tymchenko did not disclose all the details of securing the financing of the project for the construction of a solar power plant, but noted that the company will invest tens of millions of euros in the project, while Chinese company’s investments will be secured by the Export Credit Agency of China.
The head of DTEK also said the company is also interested in CMEC technologies for reconstruction of coal-fired power units at thermal plants and their bringing to compliance with the EU emission standards.

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