OREANDA-NEWS. June 29, 2015. DTEK has applied to the Antimonopoly Committee of Ukraine requesting to investigate the electricity generation market. According the company, business, state and society need a profound unbiased and comprehensive examination of the operating principles of the electricity market, tariff setting and allocation of funds for electricity.

“Over 10 years, DTEK has been actively supporting reforms in the energy market as reforms and liberalization are the best way to promote competitive environment in the energy sector,” says DTEK CEO Maxim Timchenko. “DTEK, as the sector leader, is interested in free market with European rules and strong players. That is why we believe that conducting an investigation will be most important and relevant today. This can be a start of dramatic changes from which both consumers and a great number of electricity market players would benefit.”

In course of the antimonopoly investigation DTEK will be represented by international law firm Baker & McKenzie.

Serhiy V. Piontkovsky, partner of Baker & McKenzie, commented on DTEK’s legal position: “Competition is impossible without fair, transparent and common rules for everybody, including the government. As early as in 2002, in its resolution No. 1789 the Cabinet of Ministers of Ukraine identified the main challenges of the Ukrainian energy market: administrative intervention, imperfect tariff and price setting, limitation of competition among producers, which prevents forming an effective electricity market price. Up to now, the problems have not been resolved. National and international investors are interested in having common and clear rules of business and competition in Ukraine. The task of the state is to provide objective and unbiased regulation of the market, effective protection of all forms of ownership against discrimination in line with Ukraine’s commitments under the Association Agreement with EU.”

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DTEK is a strategic holding company that manages three operational sub-holding companies with the assets in the conventional energy sector, alternative energy and hydrocarbons production. 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 127 thousand people.

The assets portfolio is represented by 10 thermal power plants and 2 combined heat and power plants with 18.6 GW of total installed capacity; five electricity distribution and sales enterprises, which provide services to over 5.1 million customers — both individuals and legal entities; 31 mines and 13 coal-processing plants. The alternative energy sector is represented by one wind farm with the designed installed capacity of 200 MW. Hydrocarbons are produced at two fields with proven natural gas reserves of 20 bln cubic meters.

In 2014, DTEK’s enterprises generated 47.8 bln kWh, including 651 kWh generated by the wind farm; transmitted 53.8 bln kWh of electricity; coal output equalled 37.1 mln tonnes and natural gas — 752 mln cubic meters.

To learn about the social partnership projects in progress in the towns and cities of DTEK’s companies’ operations and get a detailed status report on their implementation, visit www.spp-dtek.com.ua