Karadeniz Holding's journey started in 1948 under the leadership of the late Rauf Osman Karadeniz. He had started his business in the field of heavy industry machinery and products trade. What began as a local industrial venture has grown over 77 years into a worldwide energy industry powerhouse. With a strong base rooted in Turkiye's industrial legacy, Karkey Karadeniz Holding has continually displayed innovation, resilience, and a spirit of progress.
Paving the Way to Turkiye's Energy Future
The company took its first giant stride into the energy industry in 1996. Since, Karadeniz Holding has advanced to be a pioneer in the field of energy in Turkiye. It has the distinction of being the first company to be granted a license for wholesale sales of electricity, of conducting the first cross-border power export in the country and of being the first private company to import electricity from Europe. Today, the company has an installed capacity domestically of 250 MW and continues to grow its presence through investments in thermal, geothermal and solar energy installations.
Pioneering Global Energy with Powerships
Karkey Karadeniz Holding's most pioneering project was developed in 2007 as the floating power plant concept called Powership. Mobile power stations are ships or platforms designed and built to be able to run using LNG, natural gas and fuel oil. With the subsidiary of Karadeniz Holding, the international brand of the holding, new horizons in the sector of electricity generation were introduced. Karpowership was characterized by high flexibility, short response times, and scalability. Karpowership the world's first and only owner of floating power plants (50 vessels with installed capacity over 10,000 MW). Managing the Powership fleet under its international brand, Karpowership, Karadeniz Holding generates electricity at 18 locations across Africa and Asia.
Satisfying Energy Demands Across the Continents
Karadeniz Holding's Powership fleet is currently serving 18 locations and providing anywhere from 10% to 100% of the national electricity demand of many countries. These include Ghana (23%), Mozambique (10%), Gambia (60%), Sierra Leone (60%), Guinea-Bissau (100%), Senegal (21%), Guinea-Conakry (12.5%) and the Ivory Coast (7.5%). In the past the fleet has also supplied Iraq, Zambia and Lebanon with as much as 30%, 16% and 25% respectively of their power requirements. These floating power solutions allow countries to avoid the long building times associated with infrastructure. It means instantaneous access to reliable power for economic development, health care and education.
An International Corporation with a Local Heart
With more than 20 countries of operations and over 3,000 employees, Karkey Karadeniz Holding continues to be committed to its mission of bringing power and progress to wherever needed. Although its impact extends worldwide, the company remains steadfast in its Turkish roots, continually investing in domestic energy infrastructure and innovation.
Looking Ahead
Karpowership, a subsidiary of Karadeniz Holding, seeks to change the world's thought process about electricity generation. By providing dynamic and innovative energy solutions, it establishes itself not only as a power producer but as a reliable energy partner.