Energy holding DTEK (DTEKUA) yesterday reported 1H10 operational numbers: coal production gained 13.4% y/y to 9.7mmt, including 23% y/y growth in thermal coal to 8.6mmt, while electricity generation grew 21.6% y/y to 14,165mn kWh, including a 20.6% gain at GenCo Dniproenergo (DNEN). DTEK reported Ukrainian market shares of 26.3% in coal production (+1.9ppts h/h), 49% in thermal generation (+3.3ppts), and 8% in electricity distribution (+0.3ppts).
DTEK's key production indicators, '000t
|
1H10 |
Chg, y/y |
2Q10 |
Chg, q/q |
Chg, y/y |
|
|
Coal production |
9,714 |
13.4% |
5,001 |
6.1% |
15.8% |
|
Coal processing/enrichment |
9,888 |
0.1% |
5,482 |
28.8% |
7.2% |
|
Electricity generation |
14,165 |
21.6% |
6,253 |
47.4% |
21.4% |
|
Including Dniproenergo (DNEN) |
6,337 |
20.5% |
2,666 |
-27.4% |
12.1% |
Source: Company data, BG Capital Research
