OREANDA-NEWS. September 1, 2011. DTEK signed an agreement with ING Bank Ukraine on three years USD 150 m multicurrency credit line opening.

The cooperation of the energy holding company with the financial institution started in 2007, when the first loan of USD 20 m was raised by DTEK and repaid three years later in compliance with the terms of the agreement. The Company plans to allocate the loan for business development in line with the approved concept of DTEK long-term development.

“Nowadays DTEK is experiencing a dynamic growth. We will develop our businesses by introducing a range of innovations at the DTEK Group existing assets as well as developing new directions and acquiring new assets in our traditional coal and energy sectors. DTEK finances these projects by raising external loans both in Ukraine and in international financial markets. We appreciate support of our partner ING Bank Ukraine in implementing our strategic goals,” Vsevolod Starukhin, the CFO of DTEK, said.