Norway’s Statkraft cuts back on power trading in Turkey

Dünya Executive - - OVERVIEW -

Norweg an ut l ty company Statkraft sa d t has reduced ts power trad ng operat ons n Turkey due to decl n ng market l qu d ty and an unpred ctable outlook. A company spokesman sa d Statkraft now trades only electr c ty t generates tself at ts two hydropower plants n Turkey. “Statkraft has stopped propr etary

trad ng act v t es n Turkey as of January 1, 2018 due to a d ff cult market outlook and decl n ng l qu d ty,” spokesman Lars Magnus Gunther sa d n an ema l on Monday, w thout elaborat ng.

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