DTEK called on foreign companies to invest in Ukraine during the war

Investors should not view Ukraine as a war zone. DTEK wants to show foreign investors by example that it is possible to invest in the country even in war conditions. DTEK CEO Maxim Timchenko said this in an interview with Bloomberg.

“We hope that the international financial institutions will work more actively with the private sector. To win the economic war, the private sector must be one of the driving forces for it,” he said.

Timchenko gave an example of projects using renewable energy sources. According to him, Ukraine has great potential for the development of solar and wind generation, as well as energy storage systems.

“We want to convince investors that Ukraine does not need to be treated as a war zone. Therefore, the best way is to lead by example. We built a project in which we invested 200 million euros, now we are closing another wind power project with an investment of 250 million euros. This is a good example for investors to come to Ukraine,” stressed the CEO of DTEK.

Timchenko emphasized that Western investors can now enter Ukraine to spend time developing potential projects and studying the country.

“We must consider that the Ukrainian energy system is connected to the European one, and these wind and solar power plants can be built in Ukraine to export electricity back to the European Union,” he said.

Let’s remember that at the height of the war, DTEK built the Tiligul wind power plant in the Nikolaev region, 100 km from the combat zone.

Since the start of the mass invasion, DTEK has invested $1 billion in the Ukrainian economy.