What is the latest status of the project “Karadeniz Onur Sultan Powership”?

The status recorded for “Karadeniz Onur Sultan Powership” is Active.

Who are the main government, EPC, and private stakeholders for “Karadeniz Onur Sultan Powership”?

Taiyo maps the stakeholders of “Karadeniz Onur Sultan Powership”: government bodies (World Bank Group).

What is the budget and commercial profile for the project “Karadeniz Onur Sultan Powership”?

Taiyo normalizes the budget of “Karadeniz Onur Sultan Powership” to USD 250000000.

Where can I verify the source and access all details for “Karadeniz Onur Sultan Powership”?

This Taiyo project page references World Bank Group along with the original URL (https://ppi.worldbank.org/en/snapshots/project/karadeniz-onur-sultan-powership-9563). Taiyo standardizes official data into a consistent, searchable project profile.

Karadeniz Onur Sultan Powership

Sector: LNG • Location: Indonesia

Source: World Bank Group

Project

Active

The project entails the development of a powership called Karadeniz Onur Sultan operating in Medan, Sumatra, Indonesia. The ship can run both on natural gas (NG)/LNG and heavy fuel oil. The total capacity of the project is 240 MW.

The project company is Karpowership Indonesia 14. Sponsor is Karpowership International. Offtaker is PT Perusanah Listrik Negara (Persero) (National Electricity Compan

Status: Prospective
Sector: LNG, Natural Gas, Oil and Gas, Power Generation (CCGT), Seaport, Education, Government
Location: Indonesia
Updated: 22 Jul 2026
Source: World Bank Group

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Project Information

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The project “Karadeniz Onur Sultan Powership” is an infrastructure initiative in the LNG sector, located in Indonesia. Taiyo aggregates data on it from World Bank Group.

Participants

Sponsoring Agency

Status

Original status	Active
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	The project entails the development of a powership called Karadeniz Onur Sultan operating in Medan, Sumatra, Indonesia. The ship can run both on natural gas (NG)/LNG and heavy fuel oil. The total capacity of the project is 240 MW. The project company is Karpowership Indonesia 14. Sponsor is Karpowership International. Offtaker is PT Perusanah Listrik Negara (Persero) (National Electricity Company). Legal adviser is Clifford Chance. Financing comprises a $250m term loan arranged by Bank of America Merill Lynch, Standard Chartered Bank. Facility agent is Standard Chartered Bank. Financial close occurred on 15 February 2018. WB Library Files
Original sector	Energy
Budget

Location

Country

Indonesia

Source

Source	World Bank Group
URL

More Details

Record type	Project
Sector	LNG, Natural Gas, Oil and Gas, Power Generation (CCGT), Seaport, Education, Government
Article published date	2024-09-22

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