Press release
Kiev
DTEK, Ukraine’s leading fuel and energy
company, has joined EURACOAL (European Association for Coal and Lignite) as a
corporate member.
In 2008 DTEK’s annual coal production
(11 mines and 5 coal enrichment plants) hit 17.6 million tonnes, which made the
company Ukraine’s largest coal producer generating 24.4% of Ukraine’s total
coal output. As of 31 December 2008 DTEK's industrial coal reserves amounted to
837 million tonnes.
Thorsten Dierckshas, EURACOAL Secretary-General,
congratulated DTEK on its membership. "We welcome DTEK as our first
corporate member from Ukraine. We understand it has invested heavily to improve
the efficiency, environmental and safety performance of the formerly
state-owned assets it has acquired and we look forward to the new perspective
it will bring to our association", he said.
The European Association for Coal and
Lignite, EURACOAL, is the umbrella organisation of the European coal industry.
EURACOAL targets to foreground the importance of coal for energy security and
independence of the enlarged EU, as well as develop a reliable framework for
coal production and consumption in Europe.
DTEK was established in 2005 to
consolidate the energy assets of the Ukrainian investment group System Capital
Management (SCM) and is the first private vertically integrated energy company
in Ukraine. Through introduction of modern technologies, in 2009 DTEK
businesses showed a growing coal output - by 0.2% year on year - even at times
of economic hardship. The average monthly labour productivity of a miner in
2009 increased from 52.9 tonnes of coal in 2006 to 63.6 tonnes at Pavlogradugol
and from 65.3 tonnes in 2006 to 83.0 tonnes in 2009 at Komsomolets Donbassa
Mine. DTEK’s thermal power plants are the major consumer of this coal.
DTEK’s CEO Maxim Timchenko noted: “We
are very happy to be accepted as EURACOAL member. We have worked hard to
introduce management systems matching the European standards in all areas of
activity, from corporate governance to safety issues. We seek to share our
views on the European industry and benefit from information exchange and new
business contacts"
Profile
DTEK is the first private vertically integrated power
company in Ukraine. It belongs to the financial and industrial group System
Capital Management (SCM). DTEK enterprises form an efficient chain of coal
mining and enrichment, electricity generation and distribution.
The coal division of DTEK includes
Pavlogradugol (runs 10 mines), Komsomolets Donbassa
Mine and five enrichment plants. In
2009, the DTEK's sales accounted for 24.4% of Ukraine's coal mining industry.
The generation division comprises
Vostokenergo and associated company Dnerpoenergo, of which DTEK owns 47.5%. In
2009, the share of these businesses in Ukraine's thermal generation made:
Vostokenergo – 25.2%, Dneproenergo – 20.5%.
DTEK’s Service-Invest and PES-Energougol
represent the electricity distribution division. Their purchase share in the
state-run enterprise Energorynok made 7.7% in 2009.
For more information, please visit: www.dtek.com
Corporate Communications Department
DTEK
Tel.: +38 (044) 581 45 37
+38 (044) 581 45 55
E-mail: pr@dtek.com
www.dtek.com
