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PJSC DTEK Pavlogradugol (Ukrainian: PJSC DTEK Pavlogradvuhilla) is the largest coal mining company in Ukraine, engaged in development in the Western Donbass (Dnipropetrovsk region). The enterprise includes 10 mines, 23 structural subdivisions, 57 social facilities. The company's staff consists of more than 26 thousand people.
After the declaration of independence of Ukraine, the production association "Pavlogradugol" was transferred to the jurisdiction of the Ministry of Coal Industry of Ukraine.
In September 1993, vocational school No. 40, which was on the balance sheet of Pavlogradugol, was transferred to the communal property of the city of Pershotravensk, and vocational school No. 41 - to the communal property of the city of Ternovka [1].
In March 1995, the Verkhovna Rada of Ukraine included "Pavlogradugol" in the list of enterprises whose privatization is prohibited due to their national importance[2]. Subsequently, Pavlogradugol was reorganized into an open joint stock company.
In August 1997, Pavlogradugol was included in the list of enterprises and organizations of strategic importance for the economy and security of Ukraine[3].
In March 2003, President of Ukraine L. D. Kuchma approved the decision to privatize the assets of Pavlogradugol Mining and Chemical Combine[4].
In the summer of 2004, the privatization of the Pavlogradugol Mining and Chemical Combine ended with the sale of 92.11% of the shares of Avdeevsky Coke and Chemical Plant OJSC, which is controlled by System Capital Management. In March 2007, affiliates of System Capital Management bought out another 7.82% stake in Pavlogradugol.
In 2007, PJSC DTEK Pavlogradugol together with PJSC DTEK Mine Komsomolets Donbassa became the founders of LLC Investment Society, which committed itself to repay debts (about $200 million) and invest (about $200 million) in the modernization of the power generating DTEK Dniproenergo PJSC in exchange for the right to buy out the additional issue of the generating company.As a result, in September 2007, about 44.3% of the shares of DTEK Dneproenergo PJSC were concentrated by structures affiliated with DTEK LLC.
Pavlogradugol completed 2011 with a net loss of UAH 891.988 million. as of January 1, 2012, the number of employees was 26,206[5]. for 9 months of 2012 - net profit of UAH 251.245 million.
