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Wednesday, June 1, 2011

DTEK to invest above USD 1billion in coal business

Wednesday, 01 Jun 2011

Kommersant Ukraine citing chief executive office Mr Maksym Timchenko reported that Ukraine’s largest non state energy company DTEK Holdings BV plans to invest USD 1.5 billion in its coal business through 2015.

The newspaper reported that the company also plans to invest USD 2.7 billion in its energy generating companies and USD 600 million in distribution. DTEK is also interested in assets for production in the former Soviet republics and trading assets in Europe. (sourced Bloomberg)

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