DTEK needs $350 million to rebuild power plants

Ukraine's largest private energy company, DTEK, announced on April 22 that it requires $350 million to recover the lost capacity caused by Russia's attacks on thermal power plants.

The company's Executive Director, Dmytro Sakharuk, said that Ukraine is anticipating electricity shortages during peak periods in summer and winter due to the loss of eight gigawatts of generation capacity from recent attacks.

"We have six power plants. We will not rebuild one of them yet, because it is close to the front line and there is constant shelling. In addition, the only way to supply coal there has been destroyed," he said.

The estimated damages amount to $250 million plus an additional $100 million for repairs, according to Sakharuk. Last year, the company incurred slightly lower damages and spent $110 million on recovery efforts following the winter shelling of 2022.