DTEK Energy

DTEK Energy Executive Director Dmytro Sakharuk said the company needs $350m to repair equipment damaged by Russian attacks, including $250m for equipment purchases and $100m for repair works. This is more than triple the $110m DTEK spent last year to repair the damage inflicted by earlier Russian strikes. Sakharuk also said DTEK had no immediate plans to restore its Kurakhivska power plant (1 GW capacity) in the Donetsk region due to its proximity to the front line and damaged local railway. To repair its other power plants, the company is considering several financial sources in addition to its own capital while also hoping to receive necessary parts for repairs from Germany, Bulgaria, Greece, and Lithuania. This would be the quickest way to begin repairs, yet insufficient, Sakharuk said. Additionally, DTEK is looking to the Ukraine Energy Support Fund, a special vehicle set up by the EU to consolidate international support for the Ukrainian energy sector, for partial funding for its repair program.

DTEK Executive Director Dmytro Sakharuk provided additional details on the extent of damage suffered by the group’s power plants from last week’s Russian strikes. He confirmed earlier information that the company lost close to 50% of its installed capacity, with the Burshtyn and Ladyzhyn power plants in western and central Ukraine, accounting for close to 40% of DTEK’s power generation, hit hardest. According to Sakharuk, all power generating units at these two plants (16 in total) were damaged during the latest attack. While one or two units can be repaired relatively quickly, repairing the rest may take 6-24 months. He said the most acute problem was the lack of transformers, as their previously accumulated inventory had been used up to repair earlier damage. On top of this, DTEK’s Kurakhivska power plant in the Donetsk region remains idle after being hit by Russian guided glide bombs.