SCM's energy company DTEK will continue to invest in Ukraine's energy sector despite the full-scale war and constant Russian attacks on energy infrastructure. Maxim Timchenko, CEO of DTEK, made the statement at the Kyiv International Economic Forum. Since the full-scale invasion, DTEK has invested €2.4 billion in Ukraine. Mr Timchenko said continued investment is the principled position of our shareholder Rinat Akhmetov.
What did the DTEK CEO say at the Kyiv International Economic Forum?
Maxim Timchenko, CEO of DTEK, said the company will continue to invest in the development of Ukraine's energy sector, despite the full-scale war, constant Russian attacks and the destruction of energy infrastructure.
"Ukraine's recovery cannot wait for the war to end. It is already happening," he said.
How much has DTEK invested in Ukraine since the full-scale invasion?
DTEK has invested €2.4 billion in Ukraine since the full-scale invasion. The company has rebuilt power stations under attack, restored damaged energy infrastructure and continued to build new wind and battery storage capacity.
"DTEK does this because we see recovery not as a cost but an investment in our company and Ukraine's future," Mr Timchenko said.
Why does DTEK keep investing while the war goes on?
Continued investment in Ukraine is the principled position of our shareholder Rinat Akhmetov. Mr Timchenko explained:
"In general, this is the principled position of Mr Akhmetov, the owner of our company. And we are glad that we now see strong investment in our sector. This is a signal to our people, to those who work at DTEK, to the citizens of Ukraine and to the whole world that this is our country. And despite all the uncertainty, all the challenges and the destruction of our facilities, we will continue to invest. We want to remain leaders in investment."
How are international partners supporting investment in Ukraine?
According to Mr Timchenko, cooperation with international financial institutions and private investors plays an important role in attracting investment to Ukraine. The trust of international partners allows Ukrainian companies to carry out large-scale projects even during the war.
He noted that the decision by the US International Development Finance Corporation (DFC) to co-invest with DTEK was an important signal for Ukrainian business. It shows that Ukrainian companies remain financially capable and can rely on the support of international partners.
What comes next for DTEK?
DTEK is continuing work on new energy projects, including the development of wind generation and modern power generation technologies that will help replace coal generation in the future.
Mr Timchenko stressed that the development of the energy sector is one of the key conditions for Ukraine's economic growth. Large-scale investment projects need the active participation of the private sector and long-term partnerships with international financial institutions.
"Ukrainian companies must lead by example, alongside international investors already making the same commitment. Ukraine's future will not begin after the war. We are building it now," he said.
