Escalating conflict between Turkey and Kurdish militants has prompted Statkraft to initiate a process to sell iCetin hydropower plant mapts 517 MW Cetin hydropower plant, despite it being only partially built.

A deal is expected by the end of this year, the state-owned power producer said on Monday.

Statkraft said it has chosen brokerage Garanti Securities, a subsidiary of Garanti Bank, as financial advisor for the sale and had set an August 1st deadline for submitting indicative bids for the plant in southeast Turkey.

The plant, Statkraft’s biggest hydropower project outside Norway, is about one-third complete.

In February, Statkraft took a full charge of $254.82m due to suspension of the project.