Statoil and Statkraft scrap unmarketable Siemens plant

Just 10 years after the inauguration of the loss-making Norwegian gas power plant, the expensive facility is now poised to be sold as scrap.

Photo: Naturkraft

In a few months, bad timing will claim another victim. Less than 10 years after the inauguration of Norwegian gas power plant Kårstø of 420 MW, the plant is now being torn down and sold for scrap.

Following a protracted sale process, the owners – Statoil and Statkraft company Naturgas – have given up on finding a buyer, reports Norwegian media Montel.

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