Karpowership and Electricity Company of Ghana have signed 2 x 225 MW PPA’s for Tema and Sekondi. Tema PPA was amended to 450 MW in December 2016. “Power of Friendship for Ghana” is Karpowership’s first project in Africa. This agreement is a significant step towards meeting the electricity demand of Ghana’s population and industry. This is also an economical solution to Ghana’s existing electricity supply that relies on expensive crude oil, while providing local employment and valuable foreign direct investment. Karpowership’s Ghana PPA is for a 5+5=10 year contract term with dual fuel flexibility using the lowest cost fuels, HFO and Natural Gas. The first Powership, with a generation capacity of 235 MW, has started its operations in December 2015 and a second Powership with an installed capacity of 470 MW started its operations in September 2017.
Indonesia is Karpowership’s first project in South East Asia. Karpowership has been awarded a 540 MW tender by the state utility PT PLN (Persero) to supply electricity in 5 different islands of the Indonesian Archipelago for 5 years. The first Powership of the Project started operations in January 2016. The second Powership started its operations in December 2016 in Kupang, the third Powership started its operations in April 2017 in Ambon, and the fourth Powership started operation in June 2017 in Medan. Additional one Powership will start operation within the 1st quarter of 2018.
In 2012, Karpowership was awarded a contract by the Lebanese Electricity Utility (EDL) to provide 2 Powerships totalling 270 MW of base load generation capacity. Capacity of existing Powerships were increased on-site upon additional demand for electricity from the off-taker. In 2016, the EDL board has approved to increase the contract capacity to receive over 370 MW of reliable power from the Powerships for another 2 years.
Project Iraq (Past Project)
Karpowership had 410 MW of Powership contracts with Iraq, supplying electricity. Iraq holds a unique position forthe Power of Friendship Project in 2010. Iraq is the first country where Karpowership deployed a Powership, the first country to order additional Powerships after Karpowership’s satisfactory performance, and also, Iraq became the first country to extend its contract terms after initial term was succesfully completed.
Zambia is Karpowership’s first cross-border project. In November 2015, Karpowership was awarded to supply electricity to land-locked Zambia via cross-border interconnection lines through Mozambique and Zimbabwe. This economically critical electricity is delivered working in partnership with Mozambique’s and Zambia’s national utilities, Electricdade de Mozambique (EdM) and ZESCO. The Powership started delivering electricity in March 2016, within four months from contract signing. The contract is to initially supply 100 MW of base load power.