DTEK

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DTEK
Industry Coal industry
Electricity
Founded 2005 (2005)[1]
Founders Rinat Akhmetov
Headquarters Donetsk, Ukraine
Key people Maksym Tymchenko (CEO)
Owners 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[edit]

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.

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

Underground coal gasification[edit]

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[edit]

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 Shidenergo 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.

Shidenergo 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.[12] 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][13][14] Zakhidenergo operates Burshtyn, Ladyzhin, and Dobrotvir thermal power stations.[12][15] In January 2012, DTEK acquired 45.1% of share in Zakhidenergo in additional to existing 25.06% stake.[11][16]

In addition to electricity sale in Ukraine, DTEK exports electricity to Slovakia, Romania, Hungary, Poland, and Belarus.[17] DTEK is the only Ukrainian company that exports electricity.

See also[edit]

References[edit]

  1. ^ a b c d DTEK supports further liberalization of electricity exports, Interfax-Ukraine (25 October 2013)
  2. ^ a b "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. ^ 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. ^ a b Choursina, Kateryna (2012-01-11). "Ukraine Sells Energy Distributor Donetskoblenergo to DTEK". Bloomberg. Retrieved 2012-01-25.  Missing |last1= in Authors list (help)
  12. ^ a b "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. 

External links[edit]