Russia: DTEK mines to unite

DTEK plans to make a separate company of its Rostov mines by October. According to DTEK CEO Maxim Timchenko, the deal is in the final stages. This will allow DTEK to decrease its credit pressure by over $400 million. DTEK will retain management and operational control over the mines, and the new company will also…

Ukraine: DTEK’s production indicators for H1 2016

In January-June DTEK Group companies produced 13.9 million tons of coal (down by 0.8% YoY), generated 17.9 billion kWh of electricity (-7%), transmitted 22.8 billion kWh of electricity via networks (-0.9%), and produced 776.61 million cubic meters of natural gas (+40.1%). “Despite the unfavorable external environment, we managed to maintain the volume of coal production,…