OREANDA-NEWS. DTEK signed an agreement for a RUB 5.35 billion facility with VTB Capital plc (VTB Group). Financing will be provided in two tranches for three and five years.

The funds will be used for corporate purposes, including the replenishment of working capital and financing of capital expenditures.

“Taking into account the conservative approach banks are currently taking to financing industrial enterprises, the granting of this credit line is one more indicator of the efficiency of DTEK's governance system, with its transparent, sustainable business processes and forecastable results,” said DTEK CFO Vsevolod Starukhin. “We are definitely focused on long-term cooperation with VTB Group and are interested in a wider range of financial instruments that will continue to provide efficient financing of our key projects.”

DTEK is the largest energy company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The shareholder of the group is Rinat Akhmetov. Maxim Timchenko is the Chief Executive Officer of DTEK. Currently, DTEK employs 140 thousand people.

Electricity is the core product of DTEK. The assets portfolio is represented by 10 thermal power plants and two combined heat and power plants with 18 GW of total installed capacity; one windfarm with the designed installed capacity of 200 MW; five electricity distribution and sales enterprises, which provide services to over 5.2 million customers - both individuals and legal entities; 31 mines and 13 coal-processing plants; oil and gas extraction assets.

In 2012, DTEK's enterprises generated 51.4 TWh and purchased 53.9 TWh of electricity for further supply to consumers; coal output equaled 39.7 mln tonnes and coal processing amounted to 27.7 mln tonnes. DTEK exports electricity to six countries and coal to 36 countries worldwide.

DTEK's consolidated revenues in 2012 amounted to UAH 82.5 billion; the Company's net profit totalled UAH 5.9 billion.