Senegal, a Western African country, has reached a deal with Karmol, a joint venture of Karpowership, an affiliate of Karadeniz Holding, and Japanese Mitsui OSK Lines (MOL) to meet electricity needs. The 182-year-old Mauritius Commercial Bank announced that it would provide a $60m loan to finance the $140m “floating power plant” project that depends on power generation onboard without any operation cost.
The floating storage and regasification unit manufacture by the Turkish-Japanese partnership initiative Karmol will begin supplying Senegal with electricity that is generated for the first time by liquid natural gas (LNG) on the sea in June.
As part of the project, Powership, the energy vessel of Karpowership, that contributed nearly 15 percent to Senegal’s electricity needs since August 2019 will shift from heavy fuel to the use of liquid natural gas in electricity generation. The first floating storage and regasification unit (FSRU) of Karmol will supply the country, having a population of 13 million, with electricity that is generated for the first time by liquid natural gas in June.
