The DTEK Group, owned by Ukrainian businessman Rinat Akhmetov, has assessed the cost of restoring thermal power plants damaged by two massive Russian attacks in March at $230 million, according to an interview with DTEK CEO Maxym Tymchenko in Forbes.
“To recover, we need equipment worth $230 million. The largest part of this sum is the purchase of transformers,” said Timchenko.
To compare, the cost of the repair campaign after the previous 2022 winter was $126 million. Russia conducted many more waves of missile strikes than, but they targeted different Ukrainian companies and mainly the power grid rather than production facilities.
With the necessary equipment, DTEK plans to increase its capacity by almost four times before winter compared to the current capacity. Due to the attacks in March 2024, DTEK lost 80% of its generation. The main restoration work will be done in April and May to ensure recovery before the summer peak.
Tymchenko stated that the fastest way to find the required equipment is to import it from Eastern Europe. Decommissioned power plants from the Soviet era are there.
“Our employees have already traveled to the Baltic countries, Bulgaria, and Romania to negotiate such supplies,” he added.
The company is also considering using unused equipment available in Ukraine. Currently, DTEK is in dialogue with “Ukrenergo” and “Centrenergo” companies to explore this option.
Extensive Attacks on Infrastructure
On 22 March 2024, Russia launched a coordinated strike using 151 missiles and drones, targeting critical infrastructure in Ukraine. Ukrainian air defense forces successfully downed 92 of these aerial targets. The attacks caused significant damage to energy facilities, including the Dnipro Hydroelectric Power Plant. The strikes led to power outages and disruptions to water and electricity supplies in multiple cities, including Kharkiv, Dnipro, Poltava, Kryvyi Rih, Zaporizhzhia, Kropyvnytskyi, Khmelnytskyi, Odesa, Lviv.
The city of Kharkiv experienced the hardest hits. The missile barrages inflicted critical damage to all the city’s thermal power plants, causing fires and leaving the city without electricity.
Ukraine has urgently appealed to NATO allies for greater air defense support to protect its cities and infrastructure from further attacks. The restoration of the damaged energy facilities, particularly the Dnipro Hydroelectric Power Station, is expected to take years.
Simultaneously with missile attacks against energy infrastructure, Russian forces have intensified the bombardment of Kharkiv and the Kharkiv region in Ukraine’s northeast. On 8 April 2024, the head of the Kharkiv Regional Military Administration, Oleh Syniehubov, said the authorities are considering ordering a mandatory evacuation from the northern parts of Kharkiv Oblast, which face relentless daily Russian shelling.
Read more:
- Intelligence: Russia has enough missiles for one or two massive attacks in the coming weeks
- FT: Russia shifts tactics, targets Ukraine’s less protected power plants:
- Ukraine’s military aid hangs in balance as US House reconvenes tomorrow
- The Economist: Russia aims to make Kharkiv “gray zone” uninhabitable for civilians
- Mandatory evacuation looms in northern Kharkiv Oblast over Russian shelling
- Ukraine downs 31 of 34 Russian drones overnight
- Russian missile and drone strikes target Ukraine en masse, air defense thwarts majority of attacks
- Ukraine calls NATO members for additional air defense systems amid escalated Russian air attacks
- Russia fired 151 drones and missiles, Ukraine downed 92 aerial targets this morning
- 13 injured as all 31 Russian missiles aimed at Kyiv downed this morning
