OREANDA-NEWS. DTEK Energy has announced the results of the audited consolidated financial statements for 12 months of 2015 that ended on 31 December 2015.

“The energy sector is the best marker of economy,” says DTEK Energy CEO Vsevolod Starukhin,commenting on the 2015 company’s performance. “We realised that the economic situation in Ukraine in 2015 would remain extremely difficult, and the main challenge for the fossil fuel-fired generation would be to provide the Ukrainian citizens with electricity when facing the shortage of anthracite. DTEK Energy’s electricity generators and miners met all their obligations, which was a big contribution to the country’s successful going through the heating season. Yet, our financial results of the year are negative as the company continues to operate at economically unsound tariffs and with a large debt owed by the state-owned company Energorynok. Though electricity tariffs for households and industrial consumers grew considerably, this had no impact on the financial performance of the fossil-fuel generation because the funds were mainly allocated to other types of generation. On top of that, there is also a 20% drop in electricity output by the company and state-owned company Energorynok’s growing debt to our company amounting to UAH 5.2 billion. Consequently, DTEK Energy ended the year with a net loss of UAH 37.4 mln. Nevertheless, against the deep backdrop of economic decline and the almost 50% inflation, our team made everything possible to mitigate the impact of the external factors on the financial position of the company and on dozens of thousands of DTEK’s employees.”