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Orhan Bey Karadeniz Powership

Sector: Natural Gas • Location: Lebanon

Source: World Bank Group

Project
Active

The project envisages the construction and operation of a powership with a total capacity of 240 MW. The Turkish company Karadeniz Energy Group designs, owns and operates fleet of power stations and then rents the facility to countries which have urgent need of power supply. The delivery is usually done within 90 days after requesting the plant. Contracts are usually signed for short period of t

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Project Information

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The project “Orhan Bey Karadeniz Powership” is an infrastructure initiative in the Natural Gas sector, located in Lebanon. Taiyo aggregates data on it from World Bank Group.

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Participants

Sponsoring Agency

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Company

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Status

Original status

active

Taiyo status

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Taiyo last update

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Contact

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Phone

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Email

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Address

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Description

Description

The project envisages the construction and operation of a powership with a total capacity of 240 MW. The Turkish company Karadeniz Energy Group designs, owns and operates fleet of power stations and then rents the facility to countries which have urgent need of power supply. The delivery is usually done within 90 days after requesting the plant. Contracts are usually signed for short period of time - 5 to 7 years. The project reached financial closure after the sponsor tied up funds amounting $120.5 million, denominated in Euro and USD. The remaining funds are provided by the sponsor - $59.5 million. The sponsor has PPA with the national grid of Lebanon for the term of the rental contract. Based on submission by Garanti Bank

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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