Commodities traders acquire power stations

Commodities traders acquire power stations
Javier Blas, Commodities Editor –
The Swiss-based commodities traders are expanding into assets, buying or leasing anything from refineries to pipelines and terminals. Now Vitol, the largest oil trader, has bought a power station, signalling the return of the independent trading houses to the power generation sector. The acquisition suggests the return of the independent trading houses to the power stations sector, roughly 10 years after the collapse of the US electricity trading industry, which included names such as Enron, Dynergy, Mirant and Williams.

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