Donbass Fuel-Energy Complex (DTEK), a Ukraine based integrated energy company, is planning to invest $1.5bn in its coal business over the next five years.

A total of $2.7bn is also expected to be invested in DTEK’s energy generating companies and $600m in distribution sector.

The company is also looking at acquiring assets for production in the former Soviet republics and trading assets in Europe, Reuters reports quoting Kommersant Ukraine.

DTEK, part of financial-industrial group System Capital Management, is an association of 15 enterprises involved in the mining and enrichment of coal.