DTEK CEO Maxim Timchenko joins Atlantic Council discussion “Europe in Crisis: The path forward”

The CEO of Ukrainian energy company DTEK, Maxim Timchenko, joined the Atlantic Council’s discussion “Europe in Crisis: The path forward” at the 2023 Forum in Abu Dhabi this weekend, focusing on the challenges of managing energy security and decarbonising, including the increasing effect of the war in Ukraine on the energy transition.  
DTEK CEO Maxim Timchenko joins Atlantic Council discussion “Europe in Crisis: The path forward”
Tryfonivska solar farm Ukraine, after liberation from occupying Russian forces. Courtesy of DTEK.

Since 10th October 2022, DTEK facilities have been hit by over 170 attacks by missiles, kamikaze drones and rockets. Russian attacks have damaged more than 11,000 pieces of DTEK’s thermal power plants’ equipment. Around 5-6 million people in Ukraine are cut off the electricity every day. On 14th January, the Russians launched another missile attack targeting energy facilities in Ukraine.

“The energy crisis is different for the EU and Ukraine” said Mr Timchenko. “For European people, this crisis is reflected in households’ bills and the cost of electricity. For Ukrainians, it is about the number of hours they have electricity supply or the number of hours they have to spend in a bomb shelter. In fact, it’s all about the energy war that started many years ago with the blackmailing of gas prices. For years we have warned that Putin is weaponising energy and now we are all in this reality.”

Mr Timchenko added that the formula of Ukrainian survival is unity.

“That means unity between private and state companies: we work together every day, exchange equipment and help each other. It is also unity between energy companies and the military, working together to protect our energy facilities, and become more experienced and creative. Importantly, it also means unity between Ukraine and the whole civilized world. We are so grateful for all the support we receive daily from our international partners. Ukraine will survive this winter and become stronger. And we will definitely win.”

Despite the war conditions, DTEK has resumed renewable electricity supply from Tryfonivska, a solar power plant that has been liberated from the occupiers. It is gradually resuming electricity, in particular providing energy for settlements in the Kherson region.

“DTEK, Ukraine’s largest private energy company, is investing in Europe’s energy security” said Mr Timchenko, in conclusion. “We first connected the Ukrainian grids to the European Grid System in March 2022, so our energy sector is already a part of the EU. It means that all future investments in Ukraine's energy sector should be considered as part of European energy security. Moreover, Ukraine has huge potential in developing renewable energy, meaning we can play a significant role in the European green transition.”

Other participants at the Forum included:

H.E. Ditte Juul Jørgensen, Director General for Energy, European Commission;

Amb. Geoffrey Pyatt, Assistant Secretary of State for Energy Resources, US Department of State

Luis Cabra, Executive Managing Director, Energy Transition, Technology, Institutional Affairs, and Deputy CEO, Repsol

Ben Wilson, Chief Strategy & External Affairs Officer, National Grid

Anatol Feygin, Executive Vice President and Chief Commercial Officer, Cheniere Energy

For additional information:


Atlantic Council 2023 Global Energy Forum

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