DTEK, Ukraine's largest private vertically integrated energy holding, plans to invest Hr 20 billion in the development of coal mining assets during the next four or five years, DTEK Director General Maksym Tymchenko said at a meeting with a delegation of the National Academy of Sciences of Ukraine in Kyiv on Wednesday.
"Every year we invest Hr 5 billion in the coal industry. We plan to invest Hr 20 billion within the next four or five years," he said.
Tymchenko added that DTEK also invests about Hr 65 million per year in scientific research and development.
DTEK plans in 2012 to produce about 40 million tonnes of coal.
DTEK was founded to manage energy assets owned by Rinat Akhmetov’s System Capital Management (based in Donetsk) in 2005.
The holding has been delegated for the strategic management of System Capital Management’s enterprises, which comprise a vertically integrated group of companies for the production and enrichment of coal, as well as electricity production and sales.
