OREANDA-NEWS. December 3, 2010. DTEK Ukraine’s leading fuel and energy company, today announces changes in composition of its Supervisory Board.
 
General shareholders meeting of DTEK Holdings B.V., a company, incorporated under the laws of The Netherlands, approved changes in composition of the Supervisory Board. Mr.Shekshnya and Mr.Daures have left the Supervisory Board. Mr. Bugaiov was appointed as a new member of the Supervisory Board.
 
Reference
 
Roman Bugaiov graduated from Donetsk Institute of Entrepreneurship with a master’s degree in Economics and Law.
 
From 1996 to 2002 Roman Bugaiov worked for the Donetsk regional office of the Antimonopoly Committee of Ukraine. In 2002 he moved to the investment company “Keramet Invest”.
 
In 2003 Mr. Bugaiov was appointed as an economist at System Capital Management, parent company of DTEK. In 2005 he became the Head of the Corporate Rights Department. Starting September 2007 Mr.Bugaiov has been serving as Director of Corporate Rights and Foreign Asset Management.
 
He is in charge of developing and implementing the company’s policy in the area of corporate rights and the administration of the operation of SCM’s foreign assets and the foreign subsidiaries.
 
DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and preparation, electricity generation and distribution.
 
The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five preparation plants. According to operational results for 9 months 2010, the Company’s share in the Ukrainian coal mining industry was 25.2%.
 
The power generation business of DTEK is represented by Vostokenergo and the associated Dniproenergo Company, where DTEK owns 47.55%. According to operational results for 9 months 2010, the combined share of Vostokenergo and Dniproenergo in total power generation of Ukraine was 25.8%.
 
Service-Invest,  PES Energougol  and the associated Donetskoblenergo Company, where DTEK owns 30%,  represent the electricity sales and supply business of DTEK. Their combined share of electricity purchase in SE Energorynok in 9 months 2010 made 14.2%.