EURACOAL, the European Association for Coal and Lignite, has accepted Ukraine’s leading fuel and energy company DTEK as its newest corporate member.
In 2009 DTEK’s annual coal output was 17.6 mt from its eleven mines and five coal enrichment plants, which makes it Ukraine’s largest coal producer, generating 24.4% of Ukraine’s coal output. It says that its recoverable reserves of coal stand at approximately 837 mt as of 31 December 2008.
Most of its coal is consumed by DTEK’s thermal power plants.
“We welcome DTEK as our first corporate member from Ukraine. We understand it has invested heavily to improve the efficiency, environmental and safety performance of the formerly state-owned assets it has acquired and we look forward to the new perspective it will bring to our association,” said Dr. Thorsten Diercks, secretary-general of EURACOAL.
EURACOAL is the umbrella organisation of the European coal industry. In the interests of its members, EURACOAL’s objective is to highlight the important role of coal for security of energy supply within the enlarged EU and to contribute to an appropriate and reliable framework for coal extraction and utilisation in Europe.
DTEK CEO Maxim Timchenko noted “We are very pleased that EURACOAL has accepted DTEK as a member," said DTEK CEO Maxim Timchenko.
"We have made great efforts to establish management systems and practices that are up to European standards - in all spheres of our activities, from corporate governance to safety issues.
"We look forward to contributing our views to the European industry and to benefiting from the information we will obtain and the relationships we will develop.”
