OREANDA-NEWS. March 24, 2009. DTEK considers that this Shareholders Meeting gave a start to forming the new corporate governance mechanism for DNEPROENERGO generating company. The consolidated and responsible position of NJSC Energy Company of Ukraine, DTEK and other private shareholders allowed to hold this meeting and execute the rights of every stake owner, as well as to guarantee the stable operation of DNEPROENERGO even in the financial crunch situation. This example of efficient partnership between state and business is not only a crucial point in the history of the power company, but also is a positive signal for the whole investment community.

Reference

Dneproenergo is one of the largest power generating companies in Ukraine. It owns three thermal power plants with a total installed capacity of 8.185 GW. In 2007, the revenues of Dneproenergo made up UAH 3.8bn, the net profit was UAH121.938m. NJSC Energy Company of Ukraine holds 50%+1 shares in the company, and 47.46% belong to DTEK, the rest is owned by minority shareholders.

PFTS capitalization as of January 19, 2008 is USD 2.48 bn.

On March 6, 2008 the Executive Board of Dneproenergo concluded the agreement on keeping its register with the new registrar – Prominvestbank. The bank was keeping the register of Dneproenergo’s shareholders from 1998 to 2001.

DTEK is the first private vertically integrated energy company in Ukraine. It is a part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain from coal production (Pavlogradugol, Komsomolets Donbassa Mine) and enrichment (five enrichment plants), to electricity generation (Vostokenergo) and distribution (Service-Invest, PES-Energougol).

DTEK is the leader of the fuel and energy industry of Ukraine. According to the 2008 results, the Company’s market share in the Ukrainian coal mining industry was 22.6%; its share in thermal generation was 25.4% and 6.5% in electricity distribution.