ASX-Dividend-Report-Banner

DTEK: Fight for Light: Oleksandr Usyk to support rebuilding of Ukraine's shattered energy sector

May 09, 2024 02:25 AM AEST | By Cision
 DTEK: Fight for Light: Oleksandr Usyk to support rebuilding of Ukraine's shattered energy sector
Image source: Kalkine Media

KYIV, Ukraine, May 9, 2024 /PRNewswire/ -- World heavyweight boxing champion Oleksandr Usyk is supporting efforts to rebuild his country's energy system after brutal Russian attacks, which continued on Wednesday. Ahead of the boxer's May 18 fight with Tyson Fury to decide the Undisputed Heavyweight Champion of the World, Usyk is partnering Ukrainian energy company DTEK to draw global attention to the plight of Ukraine's civilian power system.

 

Ukrainian World Heavyweight Champion Oleksandr Usyk in training ahead of his title fight against Britain’s Tyson Fury in Riyadh, Saudi Arabia on May 18.
Ukrainian World Heavyweight Champion Oleksandr Usyk in training ahead of his title fight against Britain’s Tyson Fury in Riyadh, Saudi Arabia on May 18.

 

Since launching its full-scale invasion of Ukraine in 2022, Russia has damaged or destroyed 50% of the country's energy system. Just this spring, the enemy has damaged or destroyed 80% of Ukraine's thermal power capacity, 30% of hydro-electrical facilities and dozens of critical substations across the country. According to the Ministry of Energy of Ukraine, the damage to the power system, excluding the latest attacks, had already amounted to $11.5 billion.

Usyk will be supported in Riyadh's Kingdom Stadium by around 30 war veterans who have returned to work at DTEK after frontline action in some of the war's most intense battles.

The #FightForLight partnership between Usyk and DTEK aims to highlight the critical state of Ukraine's energy sector to global allies and to appeal for urgent technical assistance (such as replacement generators, transformers and turbines) to energy companies across the sector, before the onset of winter in six months' time.

DTEK CEO Maxim Timchenko said: "DTEK is doing everything possible to draw the attention of the world community to the energy infrastructure destroyed by the enemy and the need to restore it and protect it from new criminal attacks by Russia. We appreciate that Oleksandr Usyk and his team share these aspirations and will help the voice of Ukrainian energy workers be heard. We have a common goal and a common task – to protect our people and Ukrainian civilian infrastructure, so that every Ukrainian family has light and heat."

Critically, restoring the energy sector also depends on rapid deliveries of air defence systems and ammunition from Ukraine's allies.

#FightForLight (https://dtek.com/en/fight-for-light/)

NOTE TO EDITORS: A Russian missile attack on three DTEK power stations early on Wednesday morning caused further destruction to energy infrastructure already under urgent repair after four previous strikes in March and April (https://dtek.com/en/media-center/news/).

DTEK Group

DTEK is the leader and the biggest private investor in Ukraine's energy sector. DTEK Group employs 55,000 people. Our companies are involved in coal and natural gas extraction; electricity generation from wind, solar, and thermal power plants; energy resources trading in local and international markets; distributing and supplying electricity to consumers; providing energy efficiency services to customers; and developing high-speed charging station networks.

Our Strategy 2030 commits DTEK Group to transforming into a more efficient, eco-friendly and technologically advanced business, guided by ESG principles. Our goal is to achieve carbon neutrality by 2040. During the war, DTEK Group has restored power-supply to 11 million customers in the regions affected by Russian hostilities. 

The company is fully owned by SCM Limited. The final beneficiary is Rinat Akhmetov.

 

 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.