Karpowership Sees ‘Huge Potential’ in Energy-Hungry Africa
- Karpowership says it can compete with land-based power plants
- Expects population growth in Africa to boost demand for energy
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Karpowership, one of the world’s largest powership companies, is building vessels the size of several football fields to meet rising demand for energy, especially from Africa.
The unit of Turkey’s Karadeniz Energy Group has about 20 ships under construction, according to Karpowership’s director for Africa, Emre Durmusoglu. The floating power plants can be deployed in a matter of months and supply electricity to both coastal and land-locked countries for several decades. That means there’s “huge potential” in Africa, already the company’s biggest market, Durmusoglu said.