Net income $417 mln (2013, IFRS) | Key people Maksym Tymchenko (CEO) Founded 2005 | |
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Industry Coal industryElectricity Revenue $11 611 mln (2013, IFRS) CEO Maksym Tymchenko (Jul 2005–) Subsidiaries Dniproenergo, Zakhidenergo Profiles | ||
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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).
Contents
- Blackberry launches dtek 50 an affordable android smartphone
- Mining
- Enrichment
- Trading
- Underground coal gasification
- Power generation and distribution
- Power generation
- Power distribution
- Exploration and extraction of hydrocarbons
- Supporting
- References
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.
Mining
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.
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.
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. 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.
Power generation
In January 2012, DTEK acquired 45.1% of share in Zakhidenergo in addition to existing 25.06% stake.
Power distribution
In addition to electricity sale in Ukraine, DTEK exports electricity to Slovakia, Romania, Hungary, Poland, and Belarus.