DTEK
 |
|
| Industry |
Coal industry Electricity |
|---|---|
| Founded | 2005 |
| 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 is an energy division of System Capital Management headquartered in Donetsk, Ukraine. It is the largest private vertically integrated energy holding in Ukraine. 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. It was established in 2005 and is a conglomerate of various companies from coal mining to power generation. The CEO of the company is Maksym Tymchenko.
In November 2011, DTEK won the concession tender for state-owned anthracite-mining companies Rovenkianthracite and Sverdlovanthracite in Luhansk Oblast. These companies mine about 17% of Ukraine's coal and in total and 24% of anthracite.
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.
DTEK additionally owns five coal preparation plants.
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.
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. 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. All of the produced electricity is supplied to the Wholesale Electricity Market of Ukraine, a state-owned company.
...
Wikipedia