12 Jan 2024 17:56

Ukraine's DTEK doubles investment in TPP maintenance, coal mining to $290 mln in 2023

MOSCOW. Jan 12 (Interfax) - Ukraine's DTEK Energy invested about UAH 11 billion or $289.5 million at the current exchange rate in thermal power plant and coal mining maintenance and repairs in 2023, up 80% from UAH 6 billion in 2022, Ukrainian media reported, quoting a company press release.

The company restored nine power units, which will bolster thermal generation during peak consumption.

DTEK Energy carried out 24 power unit repairs as part of the annual scheduled maintenance and repair campaign to prepare the thermal power plant for peak utilization during the current heating season.

In addition, in order to compensate for the capacities that could not be repaired ahead of the winter, DTEK Energy recommissioned two additional power units with total capacity of 500 MW. Investments in the repair campaign amounted to about UAH 4 billion compared to UAH 2.2 billion in 2022.

DTEK Energy also put 26 new coal faces into operation, which allowed miners to fulfill the production plan and provide thermal power plants with enough fuel.

The company's investments in coal mining in Ukraine amounted to about UAH 7 billion compared to UAH 3.8 billion in 2022.

DTEK Energy is an integrated coal and power generating company, with 13.3 GW of thermal generating capacity as of January 2022. Its coal division mines and processes coal, and produces and services mining equipment.

DTEK, Ukraine's biggest privately owned generating company, was founded in 2005 to manage the energy assets of Rinat Akhmetov's System Capital