DTEK counts on cooperation with EBRD – energy holding

DTEK is not a monopolist, according to Ukrainian or European legislation, and counts on cooperation with the European Bank for Reconstruction and Development (EBRD), the energy holding told the Interfax-Ukraine agency.

"The company hopes that the EBRD will also join in as much as possible restoring the Ukrainian energy sector and DTEK is ready to work with the bank in order to achieve peace and light for Ukraine in the struggle," the press service commented on the statement by EBRD President Odile Renaud-Basso.

Earlier, the Italian edition Corriere della Sera, citing Renaud-Basso, reported that the EBRD was not ready to lend to Rinat Akhmetov's structures, since he is an oligarch and this would damage the prospects of Ukraine moving towards the EU in the long term, and would like to change the structure of his financial and industrial group so that after the end of the war, the weakened role of the oligarchs is not restored.

"After the adoption of the law on oligarchs, agreed upon by the European Commission, the company's shareholder is categorically not an oligarch. DTEK, along with all Ukrainian energy companies, went through two terrible war winters. We invested $1.2 billion of our own funds to restore the energy infrastructure, which was the target of about 200 missile and drone attacks by Russia," the energy holding noted.

It specified that its specialists have restored the light to the homes of almost 16 million Ukrainians, including military personnel, children, teachers and doctors, and are doing everything possible to get through the third difficult winter in the conditions of Russian military aggression against Ukraine.

In addition, during the full-scale war, DTEK built a "green" energy facility – the Tylihulska wind farm with a total investment of more than EUR 200 million and invested EUR 1.4 billion in "green" energy in total.

"This is our contribution to Ukraine's membership in the European Union and the extension of the painstaking work on integrating the Ukrainian energy system into the EU system, which we have been doing for two decades. We are grateful to our Western partners for their assistance and cooperation, a good example of which is the decision of the EU and the U.S. government to provide the company with EUR 107 million," the statement said.