Norwegian energy company Statkraft said that it will significantly reduce its electricity trading activities in Turkey due to reduced market liquidity and an unpredictable outlook.
The company’s spokesman Lars Magnus Gunther said that as of 1 January, on the Turkish market, Statkraft only trades electricity produced by its two hydropower plants in Turkey. However, he did not disclose any details on the traded volumes or how much of an impact that will have on the company’s revenues.
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Tags: electricity, electricity market, HPP, hydro, statkraft, Turkey