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PAL Indonesia, Karpowership ink deal to build 4 powerships

JAKARTA ( – Karpowership, the sole owner and operator of the world’s largest Powership fleet, and PT PAL, the leading Indonesian stated owned shipyard, are further strengthening their cooperation, to build powerships in Indonesia.

The signing of the cooperation was witnessed by Nurettin Canikli, Deputy Prime Minister of Turkey, Nihat Zeybekci, Minister of Economy Turkey and Thomas Trikasih Lembong, Minister of Trade Indonesia during the visit of President Joko Widodo, President of Indonesia to Ankara, Turkey.

Both companies signed a strategic cooperation framework agreement for the construction of the first 4 Indonesian Powerships in the shipyards of Indonesia with estimated investments of US$600 million. PT PAL CEO Budiman Saleh and Karpowership CEO Orhan Remzi Karadeniz attended the ceremony and signed the agreement jointly.

In October 2016, an MoU (Memorandum of Understanding) was signed with PT PAL for a cooperation concerning the identification and monitoring of the opportunities related to the electricity requirement in Indonesia and throughout the greater region.

This MoU enables bother parties to jointly develop and cooperate technology transfer whilst adding Indonesian local content to construct additional fleet.

Under the agreement, PT PAL will construct 4 Indo Mermaid Class Powerships with installed capacities of between 36 to 80 MW for the provision of electricity to different islands across the Archipelago.

With this strategic cooperation, Karpowership will further advance its operations in Indonesia where, as of today, Karpowership has an installed capacity of 845 MW.

Currently, Karpowership owns and operates 13 Powerships with an installed capacity of 2700 MW and 4500 MW Powerships under construction. Karpowership is operational in Ghana, Indonesia, Lebanon and Zambia (via Mozambique). Karpowership is operational in Indonesia since 2015 with 4 Powerships of 845 MW installed capacity.

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