{"id":122591,"date":"2015-06-06T16:08:06","date_gmt":"2015-06-06T16:08:06","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=122591"},"modified":"2015-06-06T14:23:03","modified_gmt":"2015-06-06T14:23:03","slug":"african-energy-forum-karpowership-to-share-ground-breaking-ghana-project","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/06\/african-energy-forum-karpowership-to-share-ground-breaking-ghana-project\/","title":{"rendered":"African Energy Forum: Karpowership to share ground breaking Ghana project"},"content":{"rendered":"
Karpowership, a subsidiary of Karadeniz Holding, and its executives will update participants on its first ever project in Africa, the \u201cPower of Friendship for Ghana\u201d project at the upcoming 17th annual African Energy Forum (AEF), scheduled for Dubai, UAE from June 8 to June 11, 2015.<\/p>\n
The forum will also provide a unique platform for Karpowership to share information on upcoming projects on the African continent.<\/p>\n
[contextly_sidebar id=”wRMZUZyJfXTIwZrjDnQPbWCfHOeIKI7d”]This is in line with the company\u2019s commitment to ensure its stakeholders are kept informed on developments on its projects.<\/p>\n
The Forum, which Karpowership will be sponsoring for the fifth year running, brings together ministers, government officials, sector leaders and investors to enhance cooperation toward finding energy solutions for Africa.<\/p>\n
With its expanding Powership Fleet, Karadeniz Holding continues to garner interest from visiting delegations to learn more about the cost-efficient, immediate energy solution the Powerships offer for countries in urgent need.<\/p>\n
Karpowership is the first company in the world to develop, own and operate \u201cPowerships,\u201d or ship mounted floating power plants, delivering the most reliable power supply solution with an optimum cost.<\/p>\n
Karpowership has a current installed capacity of more than 1,800 MW globally and has now become a key player in providing medium- to long-term investments in Africa.<\/p>\n
Given that Powerships can be quickly deployed under Rental or Power Purchase Agreements to meet urgent demands of electricity, they have become an optimal solution for a number of African governments to supply local demand.<\/p>\n
At the 2014 AEF, held in Istanbul, a 10-year contract with the Electricity Company of Ghana was announced to supply two powerships to generate approximately 22% of Ghana\u2019s electricity.<\/p>\n
This year\u2019s AEF will provide the ideal platform to share the developments of this exciting project and the important role that Karpowership is serving in meeting Ghana\u2019s electricity demand.<\/p>\n
The Powership project in Ghana will be served by 2 Powerships of 225MW each, totaling 450MW for 10 years. Currently, the project is on track and ahead of schedule.<\/p>\n