In January-September DTEK Group of Companies produced 21 million tons of coal, down by 5.8% YoY (out of which high-volatile steam coal grades accounted for 16.9 million tons, up by 10.5% YoY; anthracite and lean coal accounted for 4.1 million tons, down by 41.7%).
“Ukraine will become energy independent,” says DTEK CEO Maxim Timchenko when commenting on the company’s performance over 9 months of 2017. “Reforming the electricity market and creating a competitive pricing environment will allow us to achieve this goal in the shortest time possible. We are scaling up investments in G grade coal production to make sure that as much of fossil-fuel generation as possible can switch to domestic coal and that imports can go down. The output of high-volatile steam coal grades has been up by 10.5% since the beginning of the year, which allowed us to generate additional 14.3% of electricity out of this coal. In parallel, we are switching the generating units from the scarce anthracite to G grade coal. Our stimulation efforts to boost natural gas production and our new renewable projects will also contribute to the energy independence of Ukraine. Thus, for example, DTEK’s first project in the solar energy segment – the Tryfanovka SPP – went online in 2017. In 2018 we are going to build another 200 MW solar power plant.” (SCM/Ukrainian metal)