That’s an interesting business to be in, it sounds like they just have power plants on boats they can dock where needed to provide power. So if they didn’t get paid they could literally sail away with the power plant 🤣
Probably makes sense for infrastructure in some parts of Africa.
@Nighed yeah they do, they have heaps of them on that coast, some in Indonesia, one in Lebanon etc.
This is the ship that’s off Guinea Bissau.
One of the reasons it had fallen behind in payments was the price had apparently almost doubled..
So it’s a good from Karpowership’s parent company’s POV but if its customers could afford their own power plants that would be a better solution for them.
Ty for the info. The ZA deal probably makes sense.
Tbh I’m disappointed at how small it’s recorded engine power is. Imagining it being able to apply it’s city sized power generation to its propeller and hydroplaning away 😂
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Power returned to Guinea-Bissau’s capital on Wednesday afternoon after the west African country’s government resumed payments to Turkish company Karpowership, which had plunged the city into darkness due to an unpaid debt of $17m.
Karpowership said it cut off electricity supplies to the city of Bissau – which has a population of more than 490,000 – for one and a half days when fuel suppliers paused work after a protracted period of non-payment.
Economy minister Suleimane Seidi told reporters on Wednesday that $6m out of $15m of arrears owed by the Electricity and Water Company of Guinea-Bissau were paid.
“We are grateful for the government’s efforts to resolve the fuel payments which have allowed for us to restart operations swiftly and continue providing the people of Guinea-Bissau with electricity,” Karpowership’s spokesperson said in a statement.
Karpowership, one of the world’s largest operators of floating power plants and part of the Karadeniz Energy Group, has been supplying 100% of Guinea-Bissau’s electricity needs since signing a deal in 2019, according to its website.
In September, Karpowership switched off the electricity supply to Sierra Leone’s capital Freetown due to an unpaid debt of around $40m.
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