Riyadh - Sharikat Mubasher: DTEK, the largest private energy company in Ukraine, sets sights on partnering with Saudi Arabia to boost the energy sector in Ukraine and other European countries, Maxim Timchenko, CEO of DTEK, revealed.

The company is in talks with the Saudi Public Investment Fund (PIF) and other Saudi institutions regarding capital deployment in Ukraine, Timchenko stated in an interview with Arab News.

“The main area of what we are discussing with PIF and other institutions is the deployment of capital in Ukraine and participation in cleantech, IT, agriculture, and energy sectors. These are the priorities where we work together so that you can be part of the recovery of Ukraine,” the CEO noted.

He clarified that the company held meetings with Acwa Power to discuss potential collaboration opportunities in Ukraine and European countries.

Timchenko affirmed that DTEK sets sights on investment opportunities from Saudi Arabia to position Ukraine as a major supplier of clean energy to Europe, with the Kingdom playing a significant role through its financial resources and strategic alignment.

It should be noted that DTEK has invested as much as $1.63 billion in renewables, positioning itself as a leader in the energy sector.