Turkey's Karpowership Delivering Fifth Electric Generation Vessel; More Than 15% Of Cuba's Current Electricity Usage. Company Won't Comment. Contracts Profitable.

Along with the recently-announced increase in frequency of Turkish Airlines weekly flights from Turkey to the Republic of Cuba:

The most recent statement from Istanbul, Turkey-based Karadeniz Holding AS: In October 2018, Karpowership signed a contract with Unión Eléctrica de Cuba (UNE), the state electricity company of Cuba, to deploy three Powerships of 110 MW in total for a period of 51 months. Karadeniz Powership Barış Bey and Karadeniz Powership Esra Sultan started operation in Port de Mariel in July 2019 and Karadeniz Powership Ela Sultan started operations in November 2019. In November 2019, the contract capacity was increased to 184 MW. Cuba is Karpowership’s first project in Western Hemisphere. Karpowership will supply 10% of Cuba’s total electricity needs.”   

NOTE: Karpowership has neither updated its Internet site to reflect a fourth vessel under contract to the Republic of Cuba nor to reflect a fifth vessel under contract to the Republic of Cuba.

NOTE: Karpowership vessels for use in the Republic of Cuba rely on high sulfur heavy crude oil (HSFO 3.5%S) or diesel fuel produced in or imported by the Republic of Cuba. 

Cuba to add new floating power plant to its electro-energy system 

Havana, Apr 3 (Prensa Latina) Cuba is moving forward today in the search for alternatives to reinforce electricity generation by adding a new floating power plant, which will arrive in the country in the coming weeks.  

By Ana Luisa Brown  

As reported on his Twitter account by the Minister of Energy and Mines, Livan Arronte Cruz, the Caribbean island finalized an agreement with the Turkish company Karen for the delivery of another floating power plant that will contribute with 15 megawatts (MW) to the national electro-energy system.  

This unit will complement the four existing ones, located in Havana Bay and near the Maximo Gomez Baez of Mariel Thermoelectric Power Plant, in Artemisa, as part of the Turkish company’s first project in Latin America.  The vessels with energy technology allow maintenance of other thermoelectric power plants, contribute to increase the national reserve and substitute the use of diesel, one of the most expensive fuels in generation.  

The news came on the same day that the Electric Union reported some service interruptions, due to the breakdowns of unit No. 1 at Felton and a unit at Nuevitas.  The interruptions will be programmed by the respective territories, in order to reduce the inconvenience to the population, according to a note published on the Ministry of Energy and Mines website.  In addition, work is being carried out on the maintenance of four thermoelectric power plants to guarantee the stability of this service during the summer, as well as on the reestablishment of two units in the Mariel CTE.  

Cuba sumará nueva central flotante a su sistema electroenergético 

La Habana, 3 abr (Prensa Latina) Cuba avanza hoy en la búsqueda de alternativas para reforzar capacidades de generación de electricidad con la suma de una nueva central flotante, que llegará al país en las próximas semanas.  

Según informó en su cuenta de Twitter el ministro de Energía y Minas, Liván Arronte Cruz, la Isla caribeña concretó un acuerdo con la compañía turca Karen para el envío de otra central flotante que aportará 15 megawatts (MW) al sistema electroenergético nacional.  Esa unidad complementará a las cuatro ya existentes, ubicadas en la Bahía de La Habana y en las proximidades de la Central Termoeléctrica Máximo Gómez Báez de Mariel, en Artemisa, como parte del primer proyecto de la compañía turca en América Latina.  Las embarcaciones con tecnología energética permiten dar mantenimiento a otras centrales termoeléctricas, contribuyen a incrementar la reserva nacional y sustituyen el uso de diésel, uno de los combustibles más caros en la generación. 

La noticia llegó el mismo día que la Unión Eléctrica informó algunas afectaciones al servicio, producto de la salida por averías de la unidad número No. 1 de Felton y una unidad de Nuevitas. Las interrupciones se programarán por los respectivos territorios, a los efectos de disminuir las molestias a la población, señaló una nota publicada en la web del Ministerio de Energía y Minas.  Además, se trabaja en el mantenimiento de cuatro centrales termoeléctricas para garantizar la estabilidad de este servicio en el verano, así como en el restablecimiento de dos unidades en la CTE del Mariel. 

LINKS To Related Analyses 

Turkey's Karpowership Adds Fourth Thermal Power Barge In Cuba. Company Generating More Than 10% Of Cuba's Electricity. Good For Turkish Companies. Reinforces Cuba's Energy Production Issues. November 25, 2021 

Karpowership From Turkey Extends And Expands Floating Electricity Generation In Cuba; Joining Turkey's Global Ports Holding Which Manages Cruise Ship Terminal In Havana. November 19, 2021 

Turkey's Karadeniz Holding May Add To “Karpowership” Fleet In Cuba. December 02, 2020 

Karadeniz Holding Of Turkey Update On "Karpowership" Operations In Cuba. March 09, 2020 

Karadeniz Of Turkey Delivering Floating Power Plant To Cuba For 51-Month Contract. April 23, 2019 

Turkey's Karadeniz Holding Reports Electricity Contract With Cuba In October 2018; But, No Contract Signed Five Months Later. April 01, 2019 

Karpowership Background 

“Karpowership is a member of Karadeniz Energy Group, Istanbul, Turkey. The group is a pioneer in innovative energy projects for the last 20 years, with investments in domestic and international markets. The group started its energy investments in 1996, and is the first private electricity exporter in Turkey. Today, the group owns and operates more than 4,350 MW installed capacity globally. 

Karpowership is the only owner, operator and builder of the first Powership (floating power plant) fleet in the world. Since 2010, 25 Powerships have been completed with total installed capacity exceeding 4,100 MW. Additional 4,400 MW of Powerships are either under construction or in the pipeline. 

Starting from the design, and ending with delivery of electricity, Karpowership fully executes all activities in-house including but not limited to construction, site preparation, commissioning, and fuel supply. Utilizing the highest technology, Karpowership provides fast-track delivery, high efficiency, and all integrated “plug&play” project execution. Via these capabilities, Karpowership is able to successfully undertake a variety of commercial structures such as short term IPPs (Independent Power Producer), long-term IPPs, PPAs (power purchase agreements), and rental contracts with its Powership fleet. 

Powerships supplied and have been supplying 60% of Gambia, 26% of Ghana, 100% of Guinea Bissau, 10% of Guinea, 25% of Lebanon, 10% of Mozambique, 15% of Senegal, 80% of Sierra Leone, 10% of Sudan, 10% of Cuba, 30% of North Sulawesi, Indonesia, 55% of East Nusa Teneggara, Indonesia, 80% of Ambon, Indonesia, 10% of Medan, Indonesia, and 16% of Zambia’s and 30% of Southern Iraq’s total electricity generation. 

As of today, Karpowership has more than 2,600 direct employees from 19 different nationalities, creates employment for additional 10,000 co-workers for the construction of the Powerships and is expanding through renewables, Powerships and other innovative energy supply solutions.”