Turkey to attain power exchange

Energy Market Operating Inc. to be established for the Turkish power exchange will start to operate under Borsa Istanbul in 2014 says Borsa Istanbul Vice Director.

Turkey to attain power exchange

Borsa Istanbul Vice Director Mustafa Kemal Yilmaz said on Saturday that their aim was to make Borsa Istanbul the financial supermarket of Turkey, speaking to Anadolu Agency concerning the establishment of power exchange market.

Yilmaz said that the Energy Market Operating Inc. will be established for the Turkish power exchange market and it will operate under the Borsa Istanbul in 2014.

The Vice Director of Borsa Istanbul said the power exchange will create an effective, sustainable and better pricing mechanism.

Stating that they conduct the establishment process of the power exchange together with the Central Registry Institution, Yılmaz said the Borsa Istanbul will have a share of 31% in power exchange. “Our aim is to make Borsa Istanbul the finance supermarket of Turkey,” added Yilmaz.

AA

Last Mod: 26 Ekim 2013, 14:15
Add Comment