Business news from Ukraine

DTEK OIL&GAS REACHES RECORD DAILY GAS PRODUCTION

DTEK Oil & Gas LLC, which is responsible for the oil and gas business in the structure of DTEK energy holding, in May 2020 reached a record daily level of natural gas production both for the company and private companies in the amount of 5 million cubic meters (mcm), the company said in a press release.
“In May, DTEK Oil&Gas reached the daily natural gas production level of 5 million cubic meters. This figure was achieved for the first time in the history of the company and the entire private gas production of Ukraine,” the report said.
The daily maximum update was achieved through the implementation of infrastructure projects, a deep drilling program with the commissioning of new high-yield wells at Semirenkivske and Machukhske fields, as well as through measures to stimulate wells in the existing fund, the press release said.
“Despite the unstable economic situation in the country and the difficult conditions in the gas production sector due to record low gas prices, we are working hard to implement a strategy to increase natural gas production,” DTEK Oil & Gas CEO Ihor Schurov said.
As reported, in 2019 the company increased natural gas production by 0.66%, to 1.66 billion cubic meters.
DTEK Oil & Gas is an operating company responsible for the oil and gas sector in the structure of DTEK Group.

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DTEK PLANS TO CONSTRUCT ENERGY STORAGE SYSTEM AT ZAPORIZHIA THERMAL POWER PLANT

DTEK energy holding intends to implement a pilot project to construct the Energy Storage system at Zaporizhia thermal power plant (TPP) by the end of 2020, DTEK CEO Maksym Tymchenko has said.
“Now, we have actually started the pilot project on energy storage at Zaporizhia TPP. Even despite of the current crisis, we believe that this is a very important direction. I hope that this project will be implemented by the end of the year and we will develop energy storage technologies,” he said during an online briefing on Wednesday.
Tymchenko said that containerized solutions for gas power generation based on DTEK’s TPPs are also being considered, which will be able to meet the needs of balancing.

DTEK OIL & GAS WANTS TO DRILL FIVE NEW DEEP WELLS IN 2020

DTEK Oil & Gas, responsible for the oil and gas division of DTEK Group, plans to drill five deep wells in 2020 and reach gas production of 2 billion cubic meters (bcm) by 2021, the company’s press service has reported.
“In 2020, we plan to build five new wells and in the near future to develop depths of more than 7 km,” the press service said, citing Extraction and Processing Director Oleksiy Raptanov as saying.
Last year, DTEK Oil & Gas reduced the construction time for wells with a depth of more than 5,500 0 meters to three and a half months, contracted the SK-3000 drilling rig, which allows drilling to a depth of 10 km, and also launched a new drilling program at the Machukhske field.
In addition, the company announced the creation of a technology center for systematic search, adaptation and implementation of modern technologies in its structure, the formation of an expert council with the involvement of international experts to increase the efficiency of production and business processes.
“All this will help DTEK Oil & Gas to reach a renewed momentum and increase production to 2 billion cubic meters by 2021,” Raptanov said.

DTEK KYIV GRIDS TO INVEST IN KYIV’S ENERGY INFRASTRUCTURE UAH 8.8 BLN IN 2020-2024

DTEK Kyiv Grids provides for the volume of investments in the development of power grids in Kyiv at the level of UAH 8.8 billion in the plan for the development of the Kyiv energy infrastructure in 2020-2024, which is almost five times more than investments made in this direction over the previous five years. “According to the company’s forecasts, electricity consumption in Kyiv will grow by approximately 9% by 2024. In order to meet the growing needs of domestic customers and businesses and increase the reliability of the capital’s energy supply, we plan to invest UAH 8.8 billion in the development of energy infrastructure in Kyiv over five years,” Director General of DTEK Kyiv Grids Maris Kunickis said when presenting the development plan for the energy infrastructure of Kyiv for 2020-2024.
According to the data announced at the presentation, UAH 1.8 billion was invested in the development of the capital’s infrastructure in 2015-2019.
The plan of the development of energy infrastructure in Kyiv, in particular, provides for the construction by the end of 2024 of four new large substations of 110-10 kV: Odeska, Lukyanivska, Brest-Litovska, Kabelna Nova, as well as the construction of 51 kilometers of 110-35 kV power grids and the reconstruction of 1,753 kilometers of networks and 231 energy facilities.
“Now we are actively working on the launch of the new SCADA software dispatch system. By analyzing the information, it will not only be able to help manage the network, but will also predict possible emergencies and suggest solutions. This will significantly improve the quality of energy supply,” the expert said.

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DTEK FINISHES CONSTRUCTION OF PRYMORSKA WIND FARM

DTEK has completed construction of Prymorska wind farm (Botiyeve, Zaporizhia region) with a capacity of 200 MW, an Interfax-Ukraine correspondent has reported.
DTEK CEO Maksym Tymchenko said that investment in the project reached EUR 321 million, including EUR 180 million are funds borrowed from German banks and secured by foreign export-credit agencies.
Prymorska wind farm will annually generate 700 million kWh of electricity.
The plant consists of two phases 100 MW each and has 52 wind turbines made by General Electric.
During the construction of the second phase Ukrainian contractors received orders for EUR 30 million.
DTEK was established in 2005 to manage the energy assets of the System Capital Management Group (SCM, Donetsk) of Rinat Akhmetov. The functions of strategic management of the enterprises of the group that make up the vertically integrated chain for the extraction and enrichment of coal, production and sale of electricity were delegated the holding.

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DTEK RENEWABLES COMMISSIONS SOLAR PLANT IN DNIPROPETROVSK REGION

DTEK Renewables has commissioned the 240 MW Pokrovska solar plant (Nikopol district, Dnipropetrovsk region).
The press service of the company said Pokrovska solar plant is a project implemented by Ukrainian companies and specialists. Some 16 enterprises took part in the construction, which received orders worth EUR48 million.
Pokrovska solar plant consists of 840,000 solar panels manufactured by Risen (China). It is expected that each year the plant will produce 400 million kWh of “green” electricity, which is enough to provide 200,000 households.
“Pokrovska solar plant is the company’s third project in solar energy, investment in which amounted to EUR193 million,” DTEK CEO Maksym Tymchenko said.
He said that the payback period in current tariffs is estimated at six to six and a half years.
In addition, he said that DTEK plans to implement the project for building the Energy Storage system either at Pokrovska or Nikopol solar station.

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