Once a premium destination for overseas investors, Turkey’s power sector has recently been struggling with the impact of lower-than-expected growth rates, partial market liberalisation and fixed, long-term natural gas contracts. Power generation firms face further stress as the economic impact of the pandemic bites. Efforts to arrange a new debt restructuring deal have been delayed by the virus and wider economic woes, casting uncertainty over future demand. However, the sector retains some high-grade assets, however, which may attract future investor interest.
Last week, President Donald Trump and Chairman Kim Jong Un met for the second time during the Hanoi Summit in Vietnam. This reunion followed their first encounter in Singapore in June 2018, when the two leaders accepted to start a process of normalisation of bilateral relations and pacification of the Korean Peninsula.