Karadeniz Holding A.Ş. Overview
Karadeniz Holding A.Ş. was established in the year 1948, with its headquarters in Kagithane Istanbul, Turkey. The company is engaged in commercial activities in energy, finance, real estate and tourism sectors. The company employs about 2500 people and has one more additional office at Dubai, United Arab Emirates, to meet the growing power demand in the Middle East and Asia-pacific region. Karadeniz Holding A.Ş. has a daughter company Karadeniz Energy Group established in 1996, which develops projects under thermal and renewable sources, both at domestic and international market. Company developed Powership Energy Boat Project is the first floating power plant fleet in the world, which acts as a reliable source of electricity.
Company has developed about 13 Powerships till 2010 with a cumulative installed capacity of 2700MW, and is constructing additional 5000MW through their 21 new Powerships in upcoming years. Powerships consists of barges or ships mounted fully integrated floating power plants, providing reliable source electricity with no completion or construction risk, ready for power production within a time period of 90 days. Powerships utilizes dual fuel engine technology through HFO, Natural Gas or LNG which ensures cost-efficient electricity production.
Karadeniz Holding A.Ş. currently has 2 operational Powerships projects at Tema Harbor and Takoradi Harbor, Ghana, 5 operational Powerships projects North Sulawesi, Manado, Indonesia, 2 operational Powerships projects at Lebanon and 1 operational Powerships project at Zambia.
Strategy
The company sees it key strategy in expanding operations globally and improving the production efficiency and reducing the manufacturing costs and maximizing the revenues. Moreover, to remain competitive in the global environment, the company invests significant capital in research and development activities to cater the niche and premium segment product. Company also believes in developing new Powerships fleets to maintain their current dominance in the floating power plant industry. Company is based on sustainability in order to utilize the unique global resources smartly. Through every investment, company gives the modern state of the art technology, which ensures high efficiency, reliability and accessibility.
