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DTEK Group: news roundup

Published by , Editorial Assistant
World Pipelines,

Quotes and statements from DTEK CEO, Maxim Timchenko.

About the approval for an emergency connection to the European energy grid

“Meetings are happening on a technical level, I hope a decision will be taken at a working group level, and by the end of this week our energy system will be synchronised with the European system.”

Comment on keeping Zaporizhia TPP running, being only a few miles from Russian-occupied territory

“It is always a difficult decision, and we take a safety-first approach... but we will follow the instructions of Ukraine’s grid operator, even if it means keeping the plant running under Russian occupation.”

“We will stay as a Ukrainian company in a Ukrainian city, and as long as the Russians don’t interfere in our operations, we will keep running our power plants.”

What is required from Ukraine’s Western allies to ensure energy security?

“Emergency financial assistance to Ukraine’s state-owned energy providers, who have lost a large part of their cashflow as Ukrainians lose their ability to pay utility bills during the war. They produce electricity for households, so they have a balance of payments deficit, and they still have to pay salaries and make repairs.

DTEK will not need the same sort of assistance, but it is likely to need subsidised coal as it will be unable to afford sky-high market prices for much longer. We can afford to pay US$100/t, but not US$350”

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