Business news from Ukraine

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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