At 1020 Central time, the airplane collided with terrain following loss of engine power on takeoff.The Airline Transport pilot was seriously injured and the airplane was substantially damaged. Visual conditions prevailed. The pilot reported experiencing a total loss of engine power on takeoff. He banked to the left to avoid a 30-foot dike off the end of the runway and the left wing contacted the ground. The airplane then rocked to the right and the right wing contacted the ground prior to the airplane coming to rest.