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The spectre of private access to public assets for the benefit of private commercial interests loomed large this week in the court clash between partners in the controversial power ships emergency power procurement tender. ....
The partnership aims to expand Karpowership s activities into the FLNG space, leveraging Galileo s expertise in modular liquefaction technology. [Image: Galileo] ....
Karpowership and Galileo partner up lngindustry.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lngindustry.com Daily Mail and Mail on Sunday newspapers.
Karpowership The Turkish powership conglomerate makes an astonishing amount of money from its specialist offering to frail and broken states. But many of its deals around the world have been criticised as exploitative and irrational. South Africa may become the biggest prize of all. And, little known, we have already helped fund the growth of this corporate empire. Karadeniz Holdings, the company that hopes to moor powerships in three local ports, commands a rapidly expanding fleet of these seaborne power plants, raking in over $1-billion per year around the world. Most of this was built in the past five years alone, bearing testimony to the group’s aggressive strategy of courting governments that are, as chief executive Orhan Karadeniz once told an American diplomat, desperate for electricity. ....