DTEK has reported a crime to the National Police involving its loss of control over mining enterprises located in areas temporarily not controlled by Ukrainian government forces in Donetsk and Luhansk regions. “The applications were filed in accordance with Part 3 of Article 206 of the Criminal Code of Ukraine foreseeing the demand to terminate…
Directors of DTEK‘s enterprises, such as Komsomolets Donbasu Mine PJSC, Mospyne Coal Refining Company LLC, PEM-Energovuhillia PJSC, Skhidenergo LLC (Zuivska Thermal Power Plant), Donetskoblenergo PJSC, Tekhrempostavka LLC, Sverdlovanthracite LLC, Rovenkyanthracite LLC, Electronaladka LLC, Vysokovoltni Merezhi LLC and DTEK Service LLC, which are situated within the temporarily uncontrolled territories of Donetsk and Luhansk regions, have received…
Enterprises of DTEK private energy holding located on the territory of Donbass temporarily uncontrolled by Ukrainian authorities have been working and will work within the framework of Ukrainian legislation, DTEK Director General Maksym Timchenko said. “The company has been working and will continue to work exclusively within the framework of Ukrainian legislation,” he said. According…
In 2016 DTEK financial results will be negative. “We will have losses, but not that much as in the two previous years”, the company CEO Maxim Timchenko said. The losses decrease has to do with the re-evaluation of the company credit portfolio, decrease in exchange risks and world coal price rise. “This year the situation…
In July-September DTEK received 2.61 billion UAH of losses against 0.52 billion UAH of losses in Q2. According to the company statement, its income went up by 15.8% QoQ, or by 4 billion UAH, to 29.31 billion UAH (25.31 billion UAH in Q2). EBITDA totaled 4.16 billion UAH (955 million UAH in Q2). (Ukrainian metal)
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,…
The mass media have informed that the so-called Donetsk People’s Republic has made the DTEK into its Regional energy company and fired all the employees. According to the DTEK communications department, all group companies are working under the management of DTEK and are registered on Ukrainian territory. In 2014 all the staff was evacuated to…
CEO of DTEK Maxim Timchenko explains the increase in price of the company bonds with the rise of output and the progress in debt restructuring. In Q1 the company was able to reach normal coal output volumes and started paying its debts in late April. (Ukrainian metal)