The largest private vertically integrated energy holding in Ukraine, DTEK, leases property of Dobropilliavuhillia, a coal extracting company (Donetsk region) with monthly rent rate of Hr 7 million, reads a financial report of DTEK.
The rent rates are adjusted every month, taking into account the consumer price index.
As reported, in January 2011, DTEK signed an agreement on the leasing of property of Dobropilliavuhillia for 49 years with the State Property Fund of Ukraine (SPF).
DTEK is planning to invest Hr 2 billion in the development of Dobropilliavuhillia, boosting coal extraction at its mines from 2.8 million tonnes to 5.2 million tonnes per year.
Coal extracted by the coal group will be supplied to Zuyivska and Kurakhivska thermal power plants of Skhidenergo LLC, Ladyzhyn and Burshtyn thermal power plants of opened joint-stock company Zakhidenergo, Zaporizhia thermal power plant of opened joint-stock company Dniproenergo and Ukrainian chemical-recovery plants. Around 5% of coal will be used for own needs and implementation of social programs, for example to heat towns and settlements.
Dobropilliavuhillia is one of the largest coal extracting groups in Ukraine. It incorporates Almazna, Belytska, Bilozerska, Dobropilska, Novodonetska and Pioner mines, a repair and engineering works, mine building center No. 4 and other industrial subdivisions.
DTEK was established in 2005 to manage the energy assets of System Capital Management (SCM, Donetsk) belonging to Ukrainian businessman Rinat Akhmetov. The enterprises of DTEK form an efficient operational chain from coal production and processing, to electricity generation and distribution.
