Secret Assets Owners
  • Investing
  • World News
  • Politics
  • Stock
  • Editor’s Pick
World News

Russian-hit power firm warns repairs could take 18 months

by March 31, 2024
March 31, 2024

KYIV — The head of Ukraine’s largest private energy firm, DTEK, said on Saturday that five of its six plants had been damaged or destroyed with 80% of its generating capacity lost after two weeks of Russian attacks and that repairs could take up to 18 months.

Russian missile and drone attacks hit thermal and hydro power plants in central and western Ukraine overnight on Friday.

Ukrainian President Volodymyr Zelensky, in his nightly video address on Saturday, said Russia was carrying out “vile strikes” designed to cause the “bleeding” of Ukrainian energy.

“America, Europe, our other partners, everyone knows what we need,” he said. “Everyone knows how important it is right now to help us protect ourselves from these strikes.”

DTEK, which meets about a quarter of the country’s needs, has seen its thermal power stations and other facilities repeatedly hit by Russian missiles, drones and artillery in more than two years of war.

DTEK Executive Director Dmytro Sakharuk said in remarks shown on national television that waves of attacks on March 22 and March 29 had hit thermal and hydro production “in almost all regions” and that distribution facilities were destroyed.

“To be specific, five out of six of our stations were severely damaged, some units were destroyed, some were damaged by 50% or more,” he said.

“This applies to both the western regions and the central regions, and both the equipment necessary for the production of electricity and for transmission from the station to the grid were damaged,” he said.

His company suffered losses amounting to $300 million for equipment alone, he said, while labor costs would require as much as half as much again. “We have determined that 80% of the available generating capacity is not working now,” he added.

A senior official at the Centrenergo generating company said the 10-unit Zmiivska thermal plant in northeastern Kharkiv region had been destroyed in the March 22 attacks.

DTEK spent $110 million restoring 10 blocks hit by Russian attacks last year, Mr. Sakharuk said, with two-thirds of those now destroyed again.

It will require months of repairs, he said, and in some cases as long as a year and half.

“It takes time to manufacture a turbine or a generator or a transformer, so you need be prepared for the fact that the power will return gradually,” he said. — Reuters

previous post
Canada to train troops from Caribbean nations for Haiti mission
next post
Fetterman’s top comms staffers resign amid ongoing backlash against senator over his pro-Israel stance

You may also like

China and ASEAN, hit by US tariffs, sign...

October 28, 2025

Backed by the White House, Taiwan leans on...

October 24, 2025

Trump says all trade talks with Canada are...

October 24, 2025

Defiant former French president Sarkozy to begin five-year...

October 21, 2025

Belarus security chief seeks dialogue with Ukraine

October 20, 2025

US budget deficit dips in fiscal 2025 on...

October 17, 2025

Macron wanders alone by the Seine as grip...

October 7, 2025

US banks expect victory in capital requirements as...

October 3, 2025

Climate change and pollution threaten Europe’s resources, EU...

September 30, 2025

Trump applauds comedian Jimmy Kimmel’s suspension and renews...

September 19, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • Patriot or ‘Pathetic RINO’? Maverick Republican Thomas Massie trades ‘America First’ label for ‘America only’

    November 8, 2025
  • Trump urges Senate Republicans to redirect funds from Obamacare-backed insurers, pay Americans directly

    November 8, 2025
  • Socialist wave spreads coast to coast as progressive Democrats rally around Zohran Mamdani’s NYC win

    November 8, 2025
  • State Dept says G20 boycott tied to South Africa’s ‘government-sponsored discrimination’ against Afrikaners

    November 8, 2025
  • Supreme Court blocks lower court order forcing Trump administration to fully fund SNAP program

    November 8, 2025
  • About us
  • Contact us
  • Terms & Conditions
  • Privacy Policy

Copyright © 2025 SecretAssetsOwners.com All Rights Reserved.


Back To Top
Secret Assets Owners
  • Investing
  • World News
  • Politics
  • Stock
  • Editor’s Pick