DTEK

DTEK
Industry Coal industry
Electricity
Founded 2005 (2005)[1]
Founder Rinat Akhmetov
Headquarters Donetsk, Ukraine
Key people
 Maksym Tymchenko (CEO)
Revenue $11 611 mln (2013, IFRS)
$417 mln (2013, IFRS)
Owner Rinat Akhmetov
Number of employees
 ~140 000
Parent SCM Holdings
Website www.dtek.com/en

DTEK is an energy division of System Capital Management headquartered in Donetsk, Ukraine. It is the largest private vertically integrated energy holding in Ukraine.[1] DTEK is a Russian abbreviation that stands for Donbas Fuel and Energy Company (Russian: Донбасская топливно-энергетическая компания, Donbasskaya Toplivno-Energeticheskaya Kompaniya).

The company is owned by SCM Holdings, a holding company of a Ukrainian businessman Rinat Akhmetov.[1] It was established in 2005 and is a conglomerate of various companies from coal mining to power generation.[1] The CEO of the company is Maksym Tymchenko.[2]

Coal industry

Mining

In November 2011, DTEK won the concession tender for state-owned anthracite-mining companies Rovenkianthracite and Sverdlovanthracite in Luhansk Oblast.[3] These companies mine about 17% of Ukraine's coal and in total and 24% of anthracite.[4]

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

In July 2014 several mines were suspended by the company because of fighting during the 2014 pro-Russian conflict in Ukraine.[5]

Enrichment

DTEK additionally owns five coal preparation plants.

Trading

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.[6]

Power generation and distribution

By early 2013 75% of Ukraine's power generation capacities was controlled by DTEK. In 2012, DTEK controlled 54% of thermal generation capacities, and generates about 28% of Ukraines total energy output.[7] DTEK owns DTEK Skhidenergo producing company and DTEK Vysokovoltni merezhi (Power Grid) transmission company, and has majority stakes in DTEK Dniproenergo (72.9%), Kyivenergo (72.4%), DTEK Zakhidenergo (70.9%), DTEK Dniprooblenergo (51.5%), DTEK Donetskoblenergo (71.34%), DTEK Krymenergo (57.49%) power generation and distribution companies.[8][9][10][11] All of the produced electricity is supplied to the Wholesale Electricity Market of Ukraine, a state-owned company.

Power generation

In January 2012, DTEK acquired 45.1% of share in Zakhidenergo in addition to existing 25.06% stake.[11][16]

Power distribution

In addition to electricity sale in Ukraine, DTEK exports electricity to Slovakia, Romania, Hungary, Poland, and Belarus.[17]

Trading

Other sectors

Exploration and extraction of hydrocarbons

Supporting

See also

References

  1. 1 2 3 4 DTEK supports further liberalization of electricity exports, Interfax-Ukraine (25 October 2013)
  2. 1 2 "DTEK pleased with competition in tender to buy Kyivenergo, ready to win the fight, says company head". Interfax Ukraina. 2011-11-22. Archived from the original on 2012-06-06. Retrieved 2011-12-04.
  3. ↑ "DTEK wins tenders for concession of Rovenkianthracite, Sverdlovanthracite, says ministry". Interfax Ukraina. 2011-11-24. Archived from the original on 2012-06-06. Retrieved 2011-12-04.
  4. ↑ "DTEK wins concession tender for Rovenki and Sverdlovanthracite". Steel Guru. 2011-11-28. Retrieved 2011-12-04.
  5. ↑ Four miners killed, 16 injured after artillery shell hits bus in Chervonopartyzansk - DTEK, Interfax-Ukraine (11 July 2014)
  6. ↑ "Linc Energy and DTEK Oil Gas Sign UCG Agreement". Morningstar Australasia. 7 December 2012. Retrieved 31 January 2012.
  7. ↑ Lavrov, Vlad (2012-01-26). "Akhmetov's shopping spree". Kyiv Post. Retrieved 2012-01-30.
  8. ↑ 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.
  9. ↑ "DTEK acquires 45% state stake in Krymenergo for $32 million". Kyiv Post. 2012-05-04. Retrieved 2014-03-18.
  10. ↑ Choursina, Kateryna (2012-05-04). "Ukraine DTEK Buys 45% Stake in Electricity Producer Krymenergo". Bloomberg. Retrieved 2014-03-18.
  11. 1 2 Choursina, Kateryna (2012-01-11). "Ukraine Sells Energy Distributor Donetskoblenergo to DTEK". Bloomberg. Retrieved 2012-01-25. Missing |last1= in Authors list (help)
  12. 1 2 "Akhmetov inches closer to monopolizing thermoelectric power business". Kyiv Post. 2011-11-18. Retrieved 2011-12-04.
  13. ↑ Krasnolutska, Daryna (2011-11-23). "Ukraine's Property Fund Delays Sale of 25% Stake in Kyivenergo". Bloomberg Businessweek. Bloomberg. Retrieved 2011-12-04.
  14. ↑ "DTEK Hoping For Participation Of Poltavaoblenerho In Competition For 25% Of Kyivenerho". Ukrainian News Agency. 2011-11-24. Retrieved 2011-12-04.
  15. ↑ Krasnolutska, Daryna; Choursina, Kateryna (2011-11-25). "Ukraine to Complete Zakhidenergo Sale Next Year, Fund Says". Bloomberg Businessweek. Bloomberg. Retrieved 2011-12-04.
  16. ↑ Krasnolutska, Daryna (2012-01-10). "Ukraine Sells Zakhidenergo to Akhmetov’s DTEK, State Fund Says". Bloomberg. Retrieved 2012-01-25.
  17. ↑ Krasnolutska, Daryna (2010-12-20). "DTEK Won Auction to Export Electricity to EU, Belarus in 2011". Bloomberg Businessweek. Bloomberg. Retrieved 2011-12-04.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.