DTEK to Invest $250 Million in Russian Mines, Interfax Says

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 kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.