OREANDA-NEWS. September 3, 2012. DTEK’s operational results grew significantly in year-on-year terms in the 1H of 2012. Coal production rose by 75.3% YoY, coal preparation by more than 120% YoY, electricity generation by 53.8% YoY and purchases from the wholesale electricity market more than threefold YoY. The growth was mostly due to the fact that the Company acquired new assets in late 2011 and in the first half of 2012, as well as to the key investment into production facilities.

“The new companies that joined DTEK have quite worn-out equipment, which makes effective investments our top priority,” said Yuriy Ryzhenkov, DTEK’s Chief Operating Officer. “DTEK, as one of Ukraine’s leading investors, has been increasing its share of income to upgrade production facilities every year. This year budgeted investments exceed projected net profit by almost 1.5 times. Aware of the contribution to the safe and reliable operation of Ukraine’s energy network, DTEK is conducting large-scale upgrades of the power units of its thermal power plants. At the same time, the fact that the country’s largest water supply companies systematically default on their payments for electricity puts the timely modernization of DTEK’s electricity companies at risk.”

Upgrading electricity equipment and coal production and preparation facilities makes it possible for DTEK to increase production efficiency, enhance equipment reliability and improve its environmental performance. Industrial safety remains one of the key investment priorities for DTEK.

”We are making every effort to reduce occupational injuries and regard health and safety issues as on a par with operational performance. In total, DTEK is planning to invest UAH 573.4 million into health and safety programs by the end of 2012,” said Ryzhenkov.