Turkish-Japanese floating energy unit secures $71m loan from Japanese banks

Thomas Henry
Jan 25, 2023

Turkish and Japanese floating energy unit has secured financing from the Japan Bank for International Cooperation (JBIC) and MUFG Bank, Ltd., to finance a floating storage and regasification unit (FSRU) in Senegal, local Turkish media reports.

According to Turkish media, the loan agreement was signed between two sides for an amount of up to $71 million.

With more than 25 years of experience, Turkish company, Karpowership, has a fleet of 36 power ships operating on four continents with a capacity of 6 gigawatts, the report added.

The floating energy units can connect directly to a country’s electricity grid, leveraging existing infrastructure.

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Thomas Henry

What you do speaks so loudly that I cannot hear what you say