(DEFENCE SECURITY ASIA) — Karpowership, a Turkish operator of floating power plants, is keen on collaboration opportunities in Sabah, one of the thirteen states of Malaysia, to fulfil the state’s power needs, said its Asia commercial operations director Tolga Bayav.
He said the integration of the company’s floating power plant solutions, known as powerships, may assist in ensuring a stable and dependable power supply in the state, as well as Malaysia, which in turn would drive industrialisation while attracting foreign investments.
“In Malaysia, Karpowership will also support economic opportunities and increase the quality of life…We are continuously exploring ways to innovate and adapt our offerings to meet the specific needs of the energy sector.
“Our experience in ongoing projects and partnerships are aimed at not only supplying power but also enhancing the strategic energy capabilities of our clients. We are committed to investing in sustainable power technologies and building long-term relationships that support the objectives of the Malaysian government,” he said.
He said this to Bernama when met on the sidelines of the Defence Services Asia (DSA) and National Security (NatSec) Asia 2024 exhibition in Malaysia’s capital on Wednesday.
Elaborating on the what the company has to offer, Bayav said it specialises in both long-term independent power producer projects and short-to-medium-term bridge gap solutions, catering to base load, peak shaving, and mid-merit requirements.
He said the company boasts an operational fleet of 36 powerships which could deliver upwards of 6,000 megawatt capacity, alongside a floating gas infrastructure fleet.
“With 19 successfully completed power supply contracts, we continue to expand the energy portfolio. Karpowership’s areas of operation span from powership, floating storage regasification unit, land-based and solar solutions, driving impactful change in the global energy landscape,” he said.
The company is also exploring the potentials for collaboration with Malaysia’s national energy giant Petroliam Nasional Bhd (Petronas), he said.
Also present during the interview was Karpowership’s country head, Rizal Ismail.
Karpowership is a member of Karadeniz Energy Group, founded in Istanbul, Turkiye.
Karpowership is the owner, operator, and builder of the world’s only Powership (floating power plant) fleet and has an active role in medium to long-term investments, providing access to fast-track, affordable and reliable electricity.
The group is a pioneer in innovative energy projects for the last 27 years, with investments in domestic and international markets.
The group started its energy investments in 1996, and is the first private electricity exporter in Turkiye
Today, the group owns and operates with more than 6000 MW installed capacity globally. — DSA