Maxim Timchenko

Chief Executive Officer
DTEK
System Capital Managment
Ukraine

Business Expert Chemical Engineering
Biography

 DTEK is a strategic holding company that manages three operational sub-holding companies with the assets in the coal mining, thermal power energy generation and distribution sector, alternative energy and gas production.  It is a part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov. DTEK's Chief Executive Officer is Maxim Timchenko. Currently, the company employs 118,000 people. The asset portfolio in coal mining and thermal power energy generation and distribution sector is represented by 10 thermal power plants and 2 combined heat and power plants with 18.6 GW of total installed capacity; 5 electricity distribution and sales enterprises, which provide services to 4.5 million customers — both individuals and businesses; 31 coal mines and 13 coal preparation plants. In the alternative energy segment,  it operates one 200 MW wind farm. Gas is produced at two fields with proven natural gas reserves of 20 billion cubic metres.

Research Intrest

 In 2015, DTEK supplied 38.3 TWh, of which 634 million kWh were produced by the wind farm. The company distributed 45.1 TWh, extracted 28.7 million tonnes of coal and 1.3 bln cubic metres of natural gas. Today DTEK is Ukraine’s leading fuel and energy company. DTEK's financial performance in 2015: Revenues - UAH 95.375bn  EBITDA — UAH 7.508bn