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DTEK invested $1 billion in Ukraine during the war

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The main investment areas of energy handling are electrical networks, power plants, coal and oil and gas industries.

DTEK Group has invested $1 billion in the Ukrainian economy since the start of the full Russian invasion. DTEK CEO Maxim Timchenko said this in an interview for Interfax-Ukraine, published on Wednesday, January 24.

“The total amount of investments in the DTEK group, excluding the Tiligul wind farm project (200 million euros – ed.), last year was about $550 million, and in total since the beginning of a massive war – $1 billion,” Timchenko said while at the International Economic Forum (WEF) in Davos.

According to him, DTEK has invested “huge funds in networks, power plants, coal mining, oil and gas.”

“There probably aren’t many Ukrainian companies that have invested so much in the country’s economy during a whole war,” he added.

We remind you that DTEK will complete the construction of the Tiligul wind farm in the Nikolaev region at a cost of 450 million euros. In December 2023, the energy holding signed a corresponding memorandum with the Danish company Vestas, one of the largest wind generator manufacturers in the world. The total investment in this project will exceed 650 million euros.

As is known, in May 2023, the first phase of the Tiligul wind farm with 19 turbines with a capacity of 114 MW was put into operation.

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Source: korrespondent

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