DTEK


DTEK is the largest private investor in the energy industry in Ukraine. The company's enterprises generate electricity at solar, wind and thermal power plants; extract coal and natural gas; trade energy products in the Ukrainian and foreign markets; distribute and supply electricity to consumers; and develop a grid of supercharger stations for electric vehicles.
The main office of the company is located in Kyiv. The company is owned by SCM Holdings.

Operations

DTEK operates through seven key business units:
  1. DTEK Renewables: Focuses on wind and solar energy production. It operates wind power plants like Tyligulska, Botiyevska and Prymorska, and solar power plants including Nikopolska and Pokrovska.
  2. DTEK Renewables International : Develops renewable energy projects outside Ukraine, with operations in Poland, Romania, Croatia, and Italy. Projects include battery storage, solar, and onshore wind developments.
  3. DTEK Energy: Provides a full cycle of coal-based electricity production, including coal mining, enrichment, and service maintenance of mine equipment.
  4. DTEK Grids: Manages electricity distribution and power grid operations in Kyiv, Dnipro, Donetsk, and Odesa Oblasts, serving approximately 5.6 million customers.
  5. D.Solutions: Handles retail electricity supply, energy efficiency services, and electric vehicle charging. It manages electricity supplier companies under the YASNO brand and develops a network of fast charging stations.
  6. DTEK Oil & Gas: Oversees the company's oil and gas operations, primarily through Neftegazvydobuvannya, which produces gas and gas condensate in Poltava Oblast.
  7. D.Trading: A client-oriented business focused on reliable delivery and quality services. D.Trading primarily trades in power, gas, and fuel. The company also specializes in renewable energy source management, including price hedging, risk mitigation, comprehensive energy management solutions, and physical portfolio optimization.

    Academy DTEK

Academy DTEK is an open educational business platform. The project is a partner of Ukrainian and international business schools and organizations, in particular, INSEAD, IE Business School, Thunderbird, HRCI, Kyiv—Mohyla Business School, FUIB, Kyivstar, VISA, etc.

MODUS X

MODUS X is the cybersecurity and information security division of DTEK Group. It provides protection for the company’s digital infrastructure and data systems, including those that support critical operations. Since 2022, the unit has detected and prevented more than 150 million attempted cyberattacks targeting DTEK’s networks and assets.

History

2005–2010

DTEK was established in 2005. The company includes Pavlohradvuhillia, Komsomolets Donbasu coal mine, Skhidenergo and Service-Invest.
In 2006, PEM—Energovugillia, Pavlohradska and Kurakhivska CEPs joined in, and in 2007, Dobropilska, Oktiabrska and Mospinska Coal Processing Enterprise.
In 2007, DTEK joined the UN Global Compact. A program to modernize all Skhidenergo power units has been launched, and the rating agencies Moody's and Fitch have assigned international credit ratings to the company for the first time.
In 2008, the Wind Power LLC company has been founded. Later, it became part of the operating company DTEK Renewables, which today manages all of DTEK's renewable energy assets.
In 2009, the company exported electricity to Hungary, Romania and Slovakia for the first time after obtaining the right to access international power grids at an auction.
In 2010, DTEK joined the European industry associations EURACOAL and Eurelectric.

2011–2016

In 2011, the company became a member of CSR Europe. The same year, DTEK became the largest private shareholder in PJSC Kyivenergo. The State Property Fund and DTEK also entered into lease and concession agreements for the state enterprises Dobropilliavuhillia, Rovenkyantratsyt and Sverdlovantratsyt.
In May 2011, DTEK Oil&Gas was established to develop projects in the oil and gas industry.
In 2012, the implementation of the first five-year stage of DTEK's long-term development strategy was completed. In 2008–2012, over $2.5 billion was invested in production. This year, the turbines of the first stage of the Botiyevska wind farm were launched. The first acquisition of coal assets outside Ukraine took place — DTEK included the Obukhivska Mine Administration, Donskoy antratsyt and Sulinantratsyt. In 2021, the information about the sale of assets to the Cyprus structure of Valleyton Investments Limited was made public.
In 2013, DTEK began supplying gas from Europe and acquired a stake in Naftogazvydobuvannia. The second issue of Eurobonds was placed at the amount of $750 million.
In 2014, DTEK power engineers restored power supply for 1.4 million residents in 600 settlements that were de-energized as a result of the hostilities in eastern Ukraine. DTEK also completed the process of reforming the business management system. The management company DTEK and three operating companies were established: DTEK Energy, which provides asset management in coal mining, thermal power generation and electricity distribution, DTEK VDE — in alternative energy, and DTEK Oil&Gas— in natural gas production. Then, the fourth operating company was established to provide comprehensive energy efficiency services — DTEK ESCO. The Botievska wind farm reached its design capacity, became the largest in Ukraine and entered the five largest wind farms in Central and Eastern Europe.
In 2015, Neftegazvydobuvannia put into operation the deepest gas well in Eastern Europe and reached the highest rate for private gas production in Ukraine.
In 2016, Neftegazvydobuvannia produced 1.6 billion cubic meters of natural gas.

2017–2021

In 2017, DTEK lost control over its enterprises located in certain areas of Donetsk and Luhansk Oblasts. Among them: DTEK Mine Komsomolets Donbassa, Mospinska WFP, DTEK PEM—Energovugillia, DTEK Skhidenergo, DTEK Donetskoblenergo, Tehrempostavka, DTEK Sverdlovantratsyt, DTEK Rovenkyantratsyt, Elektronaladka, DTEK High Voltage Grids and DTEK Service. In the same year, the first solar energy facility was commissioned — Tryfanivska SPP in Kherson Oblast. DTEK Prydniprovska TPP switched power units 7–8 from anthracite coal grades to gas-fired ones. DTEK Energy acquired LLC Corum Druzhkivska Machine-Building Plant, LLC ITC Mining Machines and 61.2% of the shares of PrJSC Svitlo Shakhtaria.
In 2018, as part of the electricity market reform, the company completed the unbundling procedure, as a result of which distribution system operators were created on the basis of Kyivenergo, Dniprooblenergo and Donetskoblenergo — DTEK Kyiv electrical grid, DTEK Dnipro electrical grid and DTEK Donetsk electrical grid ". Independently of them, three supplier companies started working: Kyiv Energy Services, Dnipro Energy Services, Donetsk Energy Services. The strategic management of the established OSRs, as well as DTEK High Voltage Grids and DTEK PEM—Energovugillia, is carried out by the operating holding DTEK Grids. To coordinate the work of supplier companies, an independent operating holding D.Solutions was created. The company D.Trading was also created, which is responsible for the development of wholesale trade in energy resources on the territory of Ukraine and on external energy markets. In addition, DTEK Renewables signed a contract with General Electric for the construction of two phases of the Prymorska wind farm, began construction of the Nikopolska SPP in partnership with the Chinese company SMES and the construction of the Orel wind farm in partnership with the Danish company Vestas.
Also in 2018, DTEK launched a grid of high-speed charging stations for electric vehicles STRUM, which was renamed YASNO E-mobility in 2019.
In 2019, DTEK Renewables began construction of the Pokrovska SPP. The controlling stakes in Odesaoblenergo and Kyivoblenergo were also acquired. In the same year, the company completed the construction of the Orlivska and Prymorska WPPs, Nikopolska and Pokrovska SPPs, and DTEK's portfolio of renewable energy projects reached 1 GW.
On September 18, 2020, at the request of Sberbank of Russia, the District Court of Amsterdam imposed a $45.1 million restriction on DTEK Energy B.V on certain of the company's assets in the Netherlands. Also in 2020, DTEK joined the new global Platform of the World Economic Forum to combat COVID-19. In addition, DTEK Renewables received the Green Bond Pioneer Award from the Climate Bond Initiative for its debut green bond issue.
In 2021, DTEK Renewables started construction of the first stage of the Tylihul wind farm in cooperation with the Danish company Vestas. Also in 2021, DTEK acquired 24.5% of Kirovogradoblenergo from VS Energy.

2022–2025

Russia's full-scale invasion of Ukraine began on February 24, 2022. However, for DTEK's power engineers, the full-scale war began on February 22, 2022. On that day, the Luhansk Power Station in Shchastia was shelled by the Russian military and on February 25, 2022, the plant was seized by the Russian military and is still under their control. Also, on the night of February 24, Ukraine was completely disconnected from the power grid of Russia and Belarus and began to operate in an isolated mode, performing technical checks on the way to synchronization with ENTSO-E. In March, DTEK Group started supplying electricity free of charge to medical facilities, military and law enforcement agencies, as well as bread producers in Kyiv, Donetsk and Dnipropetrovsk Oblasts. On March 3, 2022, the first three DTEK employees were killed in the hostilities. DTEK Group appealed to global energy traders and the largest consumers of Russian oil and gas to impose a full embargo on Russian energy.
On March 16, the Ukrainian power system was synchronized with the ENTSO-E power grid of continental Europe. DTEK Energy's thermal power plants made a significant contribution to the operation of the Ukrainian power system in an isolated mode.
DTEK significantly increased its humanitarian and military support efforts. The company allocated UAH 1,8 billion for humanitarian purposes and to support the Ukrainian army. Additionally, DTEK supplied UAH 250 million worth of electricity to military facilities and hospitals free of charge.
On May 18, 2022, DTEK Kyiv Regional Grids specialists completed the restoration of power supply in Kyiv Oblast, which had been liberated from Russian forces on April 2, 2022. The company's energy workers managed to complete the work within 45 days, 15 days earlier than initially announced. DTEK Group invested UAH 300 million into the restoration of electrical grids in Kyiv Oblast.
The company's Oil&Gas portfolio companies acquired the rights to develop two gas fields in Poltava Oblast for UAH 1.3 billion at an open auction.
In 2023, DTEK made strides in renewable energy development. The company opened Phase I of the in Mykolaiv Oblast, just 100 km from the frontline. The plant's 19 turbines have an installed capacity of 114 MW, capable of generating up to 390,000 kWh annually, enough to power 200,000 households. DTEK Renewables also initiated pre-design works for the Poltavska Wind Power Plant in Hlobyne, Poltava Oblast.
On December 4, 2023, DTEK Group and Vestas signed a Memorandum of Understanding to complete the construction of the Tylihul Wind Power Plant, set to become the largest wind farm in Eastern Europe. The project, supported by the European Commission and the governments of Ukraine and Denmark, will have an installed capacity of 500 megawatts and a total investment exceeding 650 million Euros/ In a legal victory, DTEK won a case against Russia at The Hague over seized Crimean assets.
DTEK's expansion continued into 2024, with the company bringing online its first energy projects outside Ukraine. These include two Romanian projects: a wind farm in Ruginoasa and a solar plant in Glodeni. The company also launched a fresh investment drive in Japan to mobilize support for Ukraine's energy sector, which included signing a new cybersecurity agreement to protect vital civilian energy infrastructure against Russian hackers.
In 2024, DTEK Group entered the Polish renewables market with plans to build the country's first large-scale battery storage project, signaling the company's growing European ambitions.
In 2024, DTEK expanded its renewable energy operations in Romania and announced a €140 million investment in energy storage systems aimed at strengthening Ukraine’s energy security. That same year, the company received its first shipment of liquefied natural gas to Ukraine from the United States.
In 2025, DTEK announced a €450 million investment to expand the Tyligulska wind farm, marking its largest investment since the start of the full-scale war in Ukraine. The company also partnered with Octopus Energy Group to launch the RISE initiative, focused on boosting energy resilience. In the same year, DTEK and Fluence commissioned Ukraine’s largest battery energy storage facility, with a total capacity of 200 MW, and celebrated the 20th anniversary of its founding.