Ukraine’s major private energy company is prepared for winter and potential Russian attacks, but its power plants require additional missile defense systems for safe operation, according to DTEK CEO Maxim Timchenko.
The past year’s experiences have led Ukraine to seek more air defense systems to protect critical infrastructure. Timchenko highlights the need for systems like Patriots and IRIS to defend against ballistic missiles.
About 50% of DTEK’s capacity has been affected by Russian attacks, with significant damage to power stations. The company has restored eight out of 13 power units and secured sufficient coal and gas for its plants.
DTEK is also exploring opportunities in liquefied natural gas (LNG) trading amid expectations of LNG playing a crucial role in the market after reduced supplies of pipeline gas from Russia.
The company is expanding its trading activities in Europe and working to enhance power transit capacity with neighboring grids.
Timchenko emphasizes the need for regulatory improvements to facilitate joint auctions for power capacity at Ukraine’s borders.