Ukraine has no similar units so far.
The project will replace four operating obsolete 200 MW units constructed in the 1960s. This is in line with Ukraine’s commitments to modernize the energy sector and in compliance with the environmental standards of the European Energy Community. The new unit will also improve the overall plant efficiency and significantly reduce harmful emissions of dust, SOx and NOx, which will have a positive impact on the ecosystem of the Ivano-Frankivsk region.
“DTEK’s cooperation with US Government is an important part of our development,” said DTEK’s CEO Maxim Timchenko. “Since 2008 we have been working on a number of projects on promoting energy efficiency, combating tuberculosis, and designing regional sustainable development strategies jointly with the USAID. We consider the grant awarded by the USTDA for the TPP’s retrofit to be the acknowledgement of the professionalism of DTEK’s team, transparency of our business, and compliance of our procedures with best world practices. It is the first project of this kind in Ukraine. The construction of a new modern power unit will dramatically improve the environmental situation in the town of Burshtyn, and environmental protection is our first priority. In general, DTEK is going to use this experience for the construction of new units at the other plants of the Company enhancing their efficiency and environmental safety. As the fixed assets of Ukrainian generating companies are heavily worn out, new construction is the only way to ensure Ukraine’s long-term energy security. By 2030 DTEK plans to allocate up to USD 20 billion in total for the comprehensive upgrade and new construction of its generating capacities”.
DTEK is the largest energy company in Ukraine. The Company is the energy division of System Capital Management (SCM). DTEK’s enterprises operate effectively in coal mining and preparation, and electricity generation, distribution, and sales.
DTEK’s portfolio of coal assets includes 31 mines and 12 coal preparation plants in Donetsk, Dnipropetrovsk and Luhansk regions of Ukraine and in Rostov region of the Russian Federation. In 2011, DTEK’s Ukrainian mines produced more than 37 million tons of coal.
The generation segment is represented by 10 thermal power plants and two combined heating and power plants with more than 18 GW of total installed capacity. DTEK’s generation enterprises are located in seven regions of Ukraine and the capital (Kyivenergo generates and supplies electricity and heating to Kyiv). DTEK’s electricity distribution and sales segment includes five enterprises that collectively supply power to approximately 4.5 million customers – both individuals and legal entities.
DTEK Trading sells energy products in domestic and international markets. Coal exported by DTEK Trading is consumed by power plants, coking plants and iron and steel works in Ukraine as well as power plants and industrial facilities in Europe, Asia, North and South America and Africa. The Company also exports energy to Hungary, Slovakia, Romania, Poland, Moldova, and Belarus.
DTEK’s consolidated revenues in 2011 amounted to UAH 39.6 billion; the Company’s net profit totaled UAH 3.5 billion. DTEK paid UAH 5.6 billion in taxes in 2011.