DTEK, Ukraine’s largest private coal and power producer, is to invest $200 million to $250 million in its coal mine assets in Russia’s Rostov region, Interfax-Ukraine newswire reported, citing DTEK’s Coal Production Director Andrey Smirnov.
DTEK will invest the funds through 2016, Interfax said. DTEK spokeswoman Maryna Pomazan was not available on her mobile and office phones when called by Bloomberg News today.
To contact the reporter on this story: Kateryna Choursina in Kiev at firstname.lastname@example.org
To contact the editor responsible for this story: James M. Gomez at email@example.com