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DTEK

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See also: List of SCM Group subsidiaries
DTEK
IndustryCoal industry
Electricity
Founded2005 (2005)[1]
FounderRinat Akhmetov
Headquarters
Donetsk
,
Ukraine
Key people
Maksym Tymchenko (CEO)
Revenue$11 611 mln (2013, IFRS)
$417 mln (2013, IFRS)
OwnerRinat Akhmetov
Number of employees
~140 000
ParentSCM Holdings
Websitewww.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 (Template:Lang-ru, 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

  • DTEK Pavlohradvuhillia (ten mines)
  • DTEK Dobropilliavuhillia (Dobropillia, Almazna, Bilytska and two other mines)
  • DTEK Mine Komosomolets Donbassa
  • Rovenkyanthracite (six mines and three enrichment factories)
  • Sverdlovanthracite (five mines and three enrichment factories)
  • Bilozerska coal mine
  • Obukhivska Mine Administration (including its enrichment division)
  • Donskyanthracite
  • Sulinanthracite (conservation)

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.

  • CEF Pavlohradska
  • CEF Kurakhivska
  • CEF Zhovtneva
  • CEF Dobropillska
  • Mospyne Coal Refining Company

Trading

  • DTEK 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

  • DTEK Vysokovoltni Merezhi
  • DTEK PEM-Energovuhillia
  • DTEK Donetskoblenergo (70.7%)
  • DTEK Dniprooblenergo (51.5%)
  • DTEK Krymenergo (57.5%)
  • Kievenergo (71.8%)

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

Trading

  • DTEK Power Trade

Other sectors

Exploration and extraction of hydrocarbons

  • DTEK Naftogaz
  • Venko Prykerchenska Ltd (associated company)
  • Naftogazvydobuvannia
  • Naftogazrozrobka

Supporting

  • Pershotravensk Mechanical Shop (service of mining equipment)
  • Sotsis (social sphere assets administration)
  • DTEK Service (various services)

See also

References

  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. Archived from the original on 2012-06-06. Retrieved 2011-12-04. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  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. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  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. Vol. 9, no. 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. {{cite news}}: Missing |author1= (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.[permanent dead link‍]
  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.[permanent dead link‍]
  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.[permanent dead link‍]
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