OREANDA-NEWS. The annual general meeting of shareholders of DTEK Zakhidenergo PJSC approved the results of the company’s last year’s performance and distributed the net profit.

The general meeting of shareholders considered and approved the reports presented by the Supervisory Board, the Executive Body and the Audit Committee.

The shareholders passed a resolution to accrue and pay 30% of Zakhidenergo’s net profit for 2013 in dividends, which amounts to 13.57 hryvnias per share with the total of 173.6 million hryvnias.

The dividends on the 25%+1 stake held by Energy Company of Ukraine NJSC to the amount of 43.3 million hryvnias will be paid to the state budget. Another 4.8 million hryvnias will be paid in dividends to minority shareholders. DTEK's share of dividends of 125.4 million hryvnias will be invested in the further development of DTEK Zakhidenergo. Another 6.5 million hryvnias will be contributed to the company’s surplus fund.

The general meeting of shareholders also supported the decision on financing DTEK Zakhidenergo’s operations and the resolutions needed for attracting investments, developing the company and retrofitting its three power plants.

“For stable and reliable electricity generation the depleted equipment of Ukraine’s power plants needs retrofitting,” says Andriy Shuvar, Acting General Director of DTEK Zakhidenergo. “In 2013, DTEK invested about 1 billion hryvnias in the retrofits of three power plants of DTEK Zakhidenergo. We have retrofitted unit 5 of the DTEK Burshtyn TPP, are now working on unit 8 of the DTEK Dobrotvirska TPP, and will start upgrading unit 10 of the DTEK Burshtyn TPP in November. In 2013 through 2015 we will invest 2.6 billion hryvnias in the upgrades of DTEK Zakhidenergo’s plants.”