DTEK

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See also: List of SCM Group subsidiaries
DTEK
Industry Coal industry
Electricity
Founded 2005 (2005)[1]
Founder(s) Rinat Akhmetov
Headquarters Donetsk, Ukraine
Key people Maksym Tymchenko (CEO)
Owner(s) Rinat Akhmetov
Parent SCM Holdings
Website www.dtek.com

DTEK is an energy holding company headquartered in Donetsk, Ukraine. It is the largest private vertically integrated energy holding in Ukraine.[1] The company is owned by SCM Holdings, a holding company of a Ukrainian businessman Rinat Akhmetov.[1] It was established in 2005 and is an association of various companies from coal mining to power generation.[1] The CEO of the company is Maksym Tymchenko.[2] The name of the company is an abbreviation from its original name Donbass Fuel-Energy Company in Russian (Russian: Донбасская топливно-энергетическая компания).[citation needed]

Coal mining

DTEK ownes three large Ukrainian coal-mining companies: DTEK Pavlogradvuhillia (ten mines), DTEK Dobropilliavuhillia (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.[3] These companies mines about 17% of Ukraine's coal and in total and 24% of anthracite.[4]

As of February 2013 DTEK controls 50% of Ukraine's coal production.

Underground coal gasification

In December 2012, DTEK's subsidiary DTEK Oil and Gas signed a memorandum of understanding with Australian synthetic fuel company Linc Energy to evaluate potential of the underground coal gasification on the DTEK's coal resources.[5]

Power generation and distribution

By early 2012 DTEK controlled 33% of Ukraine's power generation capacities, including 54% of thermal generation capacities, and generates about 28% of Ukraines total energy output.[6] By early 2013 75% of Ukraine's power generation capacities was controlled by DTEK. DTEK owns Vostokenergo as a subsidiary and has majority stakes in Dniproenergo (67%), Kyivenergo (72%), Zakhidenergo (70%), and Donetskoblenergo (71%).[7] 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.[8] In January 2012, DTEK acquired 25% of share in Zakhidenergo in additional to existing 47.55% stake.[7][7][9]

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.[2][10][11] In December 2011, DTEK privatized additional 25% stake in Kyivenergo raising its share to 72%.[7]

Zakhidenergo operates Burshtyn, Ladyzhin, and Dobrotvir thermal power stations.[8][12] In January 2012, DTEK acquired 45.1% of share in Zakhidenergo in additional to existing 25.06% stake.[9][13]

In January 2012, DTEK acquired additional 40% stake in the electric power distributor PAT Donetskoblenergo.[7][9]

In addition to electricity sale in Ukraine, DTEK exports electricity to Slovakia, Romania, Hungary, Poland, and Belarus.[14] DTEK is the only Ukrainian company that exports electricity.

List of companies

  • DTEK Pavlogradugol
  • DTEK Dobropolyeugol
  • DTEK Rovenkianthracite
  • DTEK Sverdlovanthracite
  • DTEK Komsomolets Donbassa Mine
  • Vostokenergo
  • Zapadenergo
  • Dneproenergo
  • Kievenergo

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 DTEK supports further liberalization of electricity exports, Interfax-Ukraine (25 October 2013)
  2. ↑ 2.0 2.1 "DTEK pleased with competition in tender to buy Kyivenergo, ready to win the fight, says company head". Interfax Ukraina. 2011-11-22. Retrieved 2011-12-04. 
  3. ↑ "DTEK wins tenders for concession of Rovenkianthracite, Sverdlovanthracite, says ministry". Interfax Ukraina. 2011-11-24. Retrieved 2011-12-04. 
  4. ↑ "DTEK wins concession tender for Rovenki and Sverdlovanthracite". Steel Guru. 2011-11-28. Retrieved 2011-12-04. 
  5. ↑ "Linc Energy and DTEK Oil Gas Sign UCG Agreement". Morningstar Australasia. 7 December 2012. Retrieved 31 January 2012. 
  6. ↑ Lavrov, Vlad (2012-01-26). "Akhmetov's shopping spree". Kyiv Post. Retrieved 2012-01-30. 
  7. ↑ 7.0 7.1 7.2 7.3 7.4 Korduban, Pavel (2012-01-18). "Rinat Akhmetov's DTEK Acquires Ukrainian Energy Assets". Eurasia Daily Monitor 9 (12) (The Jamestown Foundation). Retrieved 2012-01-30. 
  8. ↑ 8.0 8.1 "Akhmetov inches closer to monopolizing thermoelectric power business". Kyiv Post. 2011-11-18. Retrieved 2011-12-04. 
  9. ↑ 9.0 9.1 9.2 "Ukraine Sells Energy Distributor Donetskoblenergo to DTEK". Bloomberg. 2012-01-11. Retrieved 2012-01-25. 
  10. ↑ Krasnolutska, Daryna (2011-11-23). "Ukraine's Property Fund Delays Sale of 25% Stake in Kyivenergo". Bloomberg Businessweek. Bloomberg. Retrieved 2011-12-04. 
  11. ↑ "DTEK Hoping For Participation Of Poltavaoblenerho In Competition For 25% Of Kyivenerho". Ukrainian News Agency. 2011-11-24. Retrieved 2011-12-04. 
  12. ↑ Krasnolutska, Daryna; Choursina, Kateryna (2011-11-25). "Ukraine to Complete Zakhidenergo Sale Next Year, Fund Says". Bloomberg Businessweek. Bloomberg. Retrieved 2011-12-04. 
  13. ↑ Krasnolutska, Daryna (2012-01-10). "Ukraine Sells Zakhidenergo to Akhmetov’s DTEK, State Fund Says". Bloomberg. Retrieved 2012-01-25. 
  14. ↑ Krasnolutska, Daryna (2010-12-20). "DTEK Won Auction to Export Electricity to EU, Belarus in 2011". Bloomberg Businessweek. Bloomberg. Retrieved 2011-12-04. 

External links

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