14:18 28.02.2012

DTEK ready to invest up to EUR 600 m in expansion of Ukraine's export potential

1 min read

Ukraine's largest private energy holding, DTEK, is ready to invest up to EUR 600 million in the next three or four years in the expansion of facilities to export electricity to Europe, DTEK CEO Maksym Tymchenko said at the III Ukrainian Energy Forum organized by the Adam Smith Institute in Kyiv on Tuesday.

He said that the investment concerns the construction of DC lines and the restoration and reconstruction of existing power lines.

"There are two options: via the construction of DC lines or under a scheme used by Dobrotvirska thermal power plant [Zakhidenergo]," he said.

Tymchenko said that the creation of a consortium is the most appropriate model for the realization of the said projects.

"The projects are very difficult from the point of view of organization, as they require cooperation with power line operators in Ukraine and Poland or Hungary," he said.

He did not say which companies could act as potential partners in the realization of the projects, but said DTEK is holding talks on this.

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