OREANDA-NEWS. DTEK, the largest energy company in Ukraine, has announced its performance results for 2014. DTEK’s enterprises produced 37.1 million tonnes of coal (-10.4% YoY), electricity output amounted to 47.8 billion kWh (-9.9%), electricity transmission via networks amounted to 53.8 billion kWh (-5.5%), natural gas output was 752 million cubic meters (+49%).

“2014 was extremely difficult for the energy industry of Ukraine. The key question we and other players are concerned about: what will happen to our market tomorrow? - said Maxim Timchenko, CEO of DTEK, commenting on the company performance in 2014. - Due to lack of a consistent approach in the current state regulation of the industry the company has to operate under the conditions of total market uncertainty. The Company is making every effort to stabilize the operation of the United Energy System of Ukraine. In 2014, DTEK’s miners and power industry workers did everything possible to increase the production of gaseous coal and raise the load of power plants. The Company imported over 1.5 mln tonne of anthracite. We minimized the capacity deficit in the energy system caused by the war. Ensuring that people have electricity has always been and remains our priority. I do hope that the industry managers also see it as the most important task, which means that prior to the new heating season we will have a dialogue based on transparent market principles of cooperation.”

Key Production Indicators

Indicators

Units

2014

2013

Change

(+/-)

Change

(%)

Coal production

ths tonnes

37,122

41,408

-4,286

-10.4

Coal processing:

         

ROM coal processing

ths tonnes

26,401

32,970

-6,569

-19.9

Concentrate production

ths tonnes

17,092

21,908

-4,816

-22

Electricity generation (supply)

mln kWh

47,790

53,054

-5,264

-9.9

Including DTEK Renewables

mln kWh

652

268

384

143,3

Electricity transmission by networks

mln kWh

53,770

56,896

-3,126

-5.5

Electricity exports

mln kWh

7,988

9,829

-1,841

-18.7

Coal exports

ths tonnes

4,057

4,732

-675

-14.3

Coal imports

ths tonnes

1,687

-

1,687

-

Natural gas production

mln cub m

752

92

-

-

Gas condensate production

ths tonnes

29

4

-

-