OREANDA-NEWS. DTEK sets up a trading company for direct access to European energy markets. DTEK Trading SA was incorporated in Geneva, Switzerland, on 20 June 2013.

DTEK Trading SA will be dealing with coal and electricity trading in European markets. Domestic sales as well as exports to the countries of the former USSR will remain the responsibility of DTEK Trading LLC.

“It’s a common practice to set up a trading company in Switzerland, enabling direct and transparent sales to end consumers in Europe,” said Andrey Favorov, DTEK’s commercial director. “This will improve the efficiency of our export transactions and strengthen DTEK’s position in the European energy market.”

In line with its Development Strategy up to 2030 DTEK intends to evolve into a diversified utility company operating both in Ukraine and abroad. Today we export coal to 36 countries and sell electricity to Hungary, Slovakia, Poland, Moldova, and Belarus.

In 2013 DTEK plans to export up to 10 billion kWh and 4 million tonnes of coal.

DTEK is the largest energy company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov. Maxim Timchenko is the Chief Executive Officer of DTEK. Currently, DTEK employs 140 thousand people.

Electricity is the core product of DTEK. The assets portfolio is represented by 10 thermal power plants and two combined heat and power plants with 18 GW of total installed capacity; one windfarm with the designed installed capacity of 200 MW; five electricity distribution and sales enterprises, which provide services to over 5.2 million customers - both individuals and legal entities; 31 mines and 13 coal-processing plants; oil and gas extraction assets.

In 2012, DTEK’s enterprises generated 51.4 TWh and purchased 53.9 TWh of electricity for further supply to consumers; coal output equaled 39.7 mln tonnes and coal processing amounted to 27.7 mln tonnes. DTEK exports electricity to six countries and coal to 36 countries worldwide.

DTEK’s consolidated revenues in 2012 amounted to UAH 82.5 billion; the Company’s net profit totalled UAH 5.9 billion. In 2012, DTEK paid UAH 15.5 billion in taxes.