DTEK

DTEK
Industry Coal industry
Electricity
Founded 2002 (2002)
Headquarters Donetsk, Ukraine
Key people Maksym Tymchenk (CEO)
Parent SCM Holdings
Website www.dtek.com

DTEK (Russian abbreviation from Donbass Fuel-Energy Complex (Russian: Tопливно-энергетический комплекс Донбассa)) is a energy holding company headquartered in Donetsk, Ukraine. The company is owned by SCM Holdings, a holding company of a Ukrainian businessman Rinat Akhmetov. It was formed in 2002 and is an association of various companies from coal mining to power generation. The CEO of the company is Maksym Tymchenko.[1]

Contents

Coal mining

DTEK ownes three large Ukrainian coal-mining companies: DTEK Pavlogradugol (ten mines), DTEK Dobropolyeugol (five mines) and DTEK Mine Komosomolets Donbassa. It owns also five coal preparation plants.

In November 2011, DTEK won the concession tender for state-owned anthracite-mining companies Rovenkianthracite and Sverdlovanthracite in Luhansk Oblast.[2] These companies mines about 17% of Ukraine's coal and in total and 24% of anthracite.[3]

Power generation and distribution

DTEK owns Vostokenergo as a subsidiary and has stakes in Dniproenergo (47.55%), Kyivenergo (46.82%), and Zakhidenergo (25.06%). All of the produced electricity is supplied to the Wholesale Electricity Market of Ukraine, a state-owned company.

Vostokenergo owns Zuyevska, Kurakhovska and Luhansk thermal power stations.

Dniproenergo owns Krivorozh and Pridneprovsk thermal power stations in Dnipropetrovsk Oblast and Zaporizhzhia thermal power station in Zaporizhia Oblast. DTEK is participating in the privatization of 25% stake of Dniproenergo.[4]

Kyivenergo is a power generation and utility company located in Kyiv. It operates two thermal power stations in Kyiv with a combined installed capacity of 1,200 MW. DTEK is bidding for addition 25% stake in Kyivenergo, which will be privatized by the State Property Fund.[1][5][6]

Zakhidenergo operates Burshtyn, Ladyzhin, and Dobrotvir thermal power stations. DTEK is biding for additional 45% stake in the company.[4][7]

In addition to electricity sale in Ukraine, DTEK exports electricity to Slovakia, Romania, Hungary, Poland, and Belarus.[8]

References

  1. ^ a b "DTEK pleased with competition in tender to buy Kyivenergo, ready to win the fight, says company head". Interfax Ukraina. 2011-11-22. http://www.interfax.com.ua/eng/eco/86353/. Retrieved 2011-12-04. 
  2. ^ "DTEK wins tenders for concession of Rovenkianthracite, Sverdlovanthracite, says ministry". Interfax Ukraina. 2011-11-24. http://www.interfax.com.ua/eng/eco/86641/. Retrieved 2011-12-04. 
  3. ^ "DTEK wins concession tender for Rovenki and Sverdlovanthracite". Steel Guru. 2011-11-28. http://www.steelguru.com/russian_news/DTEK_wins_concession_tender_for_Rovenki_and_Sverdlovanthracite/238020.html. Retrieved 2011-12-04. 
  4. ^ a b "Akhmetov inches closer to monopolizing thermoelectric power business". Kyiv Post. 2011-11-18. http://www.kyivpost.com/news/business/bus_general/detail/117192/. Retrieved 2011-12-04. 
  5. ^ Krasnolutska, Daryna (2011-11-23). "Ukraine's Property Fund Delays Sale of 25% Stake in Kyivenergo". Bloomberg Businessweek. Bloomberg. http://www.businessweek.com/news/2011-11-23/ukraine-s-property-fund-delays-sale-of-25-stake-in-kyivenergo.html. Retrieved 2011-12-04. 
  6. ^ "DTEK Hoping For Participation Of Poltavaoblenerho In Competition For 25% Of Kyivenerho". Ukrainian News Agency. 2011-11-24. http://un.ua/eng/article/362309.html. Retrieved 2011-12-04. 
  7. ^ Krasnolutska, Daryna; Choursina, Kateryna (2011-11-25). "Ukraine to Complete Zakhidenergo Sale Next Year, Fund Says". Bloomberg Businessweek. Bloomberg. http://www.businessweek.com/news/2011-11-25/ukraine-to-complete-zakhidenergo-sale-next-year-fund-says.html. Retrieved 2011-12-04. 
  8. ^ Krasnolutska, Daryna (2010-12-20). "DTEK Won Auction to Export Electricity to EU, Belarus in 2011". Bloomberg Businessweek. Bloomberg. http://www.businessweek.com/news/2010-12-20/dtek-won-auction-to-export-electricity-to-eu-belarus-in-2011.html. Retrieved 2011-12-04. 

External links