Powership

Karpowership has announced that it signed a memorandum of intent (MoI) with Brazil's Petrobras to combine their respective expertise in the natural gas and power sectors.

This July 16, 2018, photo shows the Karadeniz Powership Orhan Bey is docked at Jiyeh, south of Beirut, Lebanon. (AP Photo/Bilal Hussein)

Turkey's floating power plant, the Karadeniz Powership Rauf Bey, started electricity production in Sudan, a member of the Istanbul-based Karadeniz Energy Group, Karpowership, announced on May 22.

The International Centre for Settlement of Investment Disputes (ISCID), an arm of the World Bank, fined the Pakistani government up to $800 million in an arbitration case launched in 2013 by Karkey Black Sea Energy Group (Karkey), a Turkish firm that runs power generation sea vehicles. 

A ship launching ceremony in Tuzla, east of Istanbul has taken place on Nov.13.  Among the ships to launched, there were giants that are 300 meters in length and 50 meters in width. 

Turkey's Karadeniz will in the next two weeks begin supplying Zambia with electricity from a power-generating ship as it looks to take advantage of chronic shortages in Africa, the company said on March 2.

Karadeniz builds what are effectively floating power stations which plug into electricity grids after berthing. They run on fuel oil but can also use natural gas.

Ghanaian government officials have welcomed a Turkish power ship which is expected to generate some 225 megawatts of electricity to augment the country's energy needs.