DTEK to trim 2009 investment program by 24%
16 June 2009
DTEK CEO Maxim Timchenko said yesterday in an interview with Delo that it planned to trim its investment program to UAH 1.3 bln in 2009, or 23.5% decrease yoy. According to Timchenko, about 50% of the investments will be directed to coal mines and 30% to power generation. Timchenko also stressed that the company’s net debt to annual EBITDA is only 0.91, and that DTEK is planning to attract an additional USD 100-130 mln in debt this year.
