Topics : Contracts, New products and services, Joint ventures
ISTANBUL, May 7, 2024 /PRNewswire/ — Karpowership and Petrobras have signed a Memorandum of Intent (MoI) to combine their respective expertise in the natural gas and electricity sectors. This includes floating and onshore natural gas liquefaction, natural gas and LNG storage, and regasification programs to ensure supply and meet energy industry demand across the Americas.
Investments in the country are part of Karpowership’s global strategy, which aims not only to support energy security, but also the socio-economic development of its strategic partners. Since 2022, the company has developed the world’s fastest LNG-fired power generation project in Brazil, where it now operates four floating plants, known as Powerships, with a contracted capacity of 560 MW. This is in addition to two solar energy production projects in the state of Rio de Janeiro.
This agreement with Petrobras reinforces our long-term commitment to Brazil, our investment center in South America. This will be an opportunity for us to work together on new business strategies with one of the world’s largest energy companies, and potentially expand our offerings to the Brazilian company and the Americas, said Beyza Zdemir, Regional Operations Director. sales for South America at Karpowership.
The company also plans new investments in the coming years in renewable energy projects as well as green technology initiatives. Additionally, Zdemir says the company is committed to creating new employment opportunities in the Brazilian maritime, gas and electricity sectors in synergy with international ESG best practices.
About Karpowership
With over 25 years of experience in the floating power plant industry, Karpowership has established itself as a leading provider of flexible, reliable and cleaner energy solutions worldwide. With a global installed capacity of up to 7,000 MW, spanning the company’s onshore powers and plants, as well as a fleet of floating LNG infrastructure, including LNG carriers and RFUs, Karpowership operates on 4 continents. Offering fast and efficient power generation solutions, Karpowership’s multi-fuel vessels can be quickly deployed to meet various grid demands in as little as 30 days.
In Brazil, the company’s two solar power projects, as well as its 560 MW LNG-to-Power project using Powerships and FSUs located Rio de Janeiro, have generated more than 1,500 direct and indirect jobs. Karpowership Brasil also maintains global ESG best practices in the country by offering technical qualification and skills transfer programs in partnership with the Navy, engaging in reforestation and volunteering initiatives, and donating educational items and technology to local communities.
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