{"id":472144,"date":"2021-06-16T16:46:02","date_gmt":"2021-06-16T16:46:02","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=472144"},"modified":"2021-06-16T16:46:02","modified_gmt":"2021-06-16T16:46:02","slug":"senegal-fsru-arrives-for-karpowerships-landmark-lng-transition","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/06\/16\/senegal-fsru-arrives-for-karpowerships-landmark-lng-transition\/","title":{"rendered":"SENEGAL: FSRU Arrives for Karpowership\u2019s Landmark LNG Transition\u00a0"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p><b>KARMOL\u2019s first Floating Storage and Regasification Unit (FSRU) has arrived\u00a0 in Dakar, marking a major step forward in Karpowership\u2019s LNG-to-Power project to supply reliable,\u00a0 affordable, and cleaner energy to Senegal.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The FSRU travelled from Singapore, where it was constructed in a 50\/50 joint venture between Karpowership\u00a0 and Japanese firm Mitsui OSK Lines, called KARMOL. This is the first completed FSRU from the KARMOL\u00a0 partnership.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The FSRU, KARMOL LNGT Powership Africa, arrived in Senegalese waters on 31st of May and will be positioned\u00a0 at its mooring location to commence the commissioning process.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The vessel will connect to a Powership, a floating power plant, owned by Karpowership, through gas pipelines.\u00a0 The Karadeniz Powership Ay\u015feg\u00fcl Sultan, has a capacity of 235MW and has been in operation since October\u00a0 2019, supplying 15% of Senegal\u2019s electricity with 220MW of power to Senegal\u2019s grid.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Karpowership sees the combination of FSRUs and Powerships as a ground-breaking solution in their mission to\u00a0 bring LNG utilized power generation to countries with no natural gas infrastructure or supply.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The FSRU, which was developed by Sembcorp Marine in Singapore, is 272 meters long and has a capacity of\u00a0 125,000 cubic meters. The FSRU arrives with a supply of LNG on board and the first refuelling will be carried out\u00a0 by Shell in July.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is a landmark moment in KARMOL\u2019s plans to provide stable electricity powered by efficient, cleaner fuels to\u00a0 many more countries in the region and throughout the globe. LNG is widely recognized as a fuel of the future.\u00a0 It\u2019s much cleaner than other fossil fuels, it is a sustainable, affordable way of meeting power needs, and fast tracks the energy transition as countries embark on a longer-term switch to renewables.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SENELEC highlights that partnering with Karpowership and utilizing the KARMOL FSRU is an important element\u00a0 of their ambitious gas-to-power strategy and will speed-up the conversion of key energy facilities to gas\u00a0 operations.\u00a0<\/span><\/p>\n<p><b>About KARMOL:\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In 2019, Karpowership and MOL (Mitsui O.S.K Lines) established a joint venture with the mission of becoming\u00a0 the world\u2019s most reliable and preferable LNG-to-Power solution provider, under the brand name of \u201cKARMOL\u201d.\u00a0 Since then, KARMOL has been investing in related assets and joint marketing its solution in selected markets\u00a0 around the world.\u00a0<\/span><\/p>\n<p><b>About SENELEC:\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">SENELEC is a public limited company with a majority public shareholding that is responsible for the production,\u00a0 transmission, distribution and sale of electrical energy, as well as the identification, financing and construction\u00a0 of new facilities within its scope. SENELEC serves 1,596,000 customers and is one of the three largest companies\u00a0 in Senegal.\u00a0<\/span><\/p>\n<p><b>About Karpowership:\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Karpowership is the pioneer behind the modern \u201cPowership\u201d. With 12 years of experience in the floating power\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">plant industry, Karpowership has 5 GW of installed capacity operating across 11 international markets.\u00a0 Powerships are a flexible solution, and can provide base load, mid-merit, or peak shaving electricity generation\u00a0 capacity to a host country\u2019s grid. As a plug and play solution, Powerships are ready to deploy and can generate\u00a0 electricity in as little as 90 days. In addition to the Senegal project, plans are underway for LNG-to-power\u00a0 generation in Mozambique. Karpowership has also recently been selected by South Africa\u2019s energy ministry as\u00a0 a preferred bidder to provide LNG-to-power across three sites, totalling 1220MW.\u00a0<\/span><\/p>\n<p><b>About MOL:\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Mitsui O.S.K Lines, Ltd. (MOL) is a Japanese transport company headquartered in Tokyo, Japan. It is one of the\u00a0 largest shipping companies in the world, and the large LNG Carrier Operator. MOL\u2019s fleet includes dry cargo\u00a0 ships, liquefied natural gas carriers, Ro-Ro Car Carrierships, tankers and also diversifiesits businessto maritime\u00a0 related industries.\u00a0<\/span><\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>KARMOL\u2019s first Floating Storage and Regasification Unit (FSRU) has arrived\u00a0 in Dakar, marking a major step forward in Karpowership\u2019s LNG-to-Power project to supply reliable,\u00a0 affordable, and cleaner energy to Senegal.\u00a0 The FSRU travelled from Singapore, where it was constructed in a 50\/50 joint venture between Karpowership\u00a0 and Japanese firm Mitsui OSK Lines, called KARMOL. This<\/p>\n","protected":false},"author":527180,"featured_media":472145,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12046,12065],"tags":[18957,16241],"class_list":["post-472144","post","type-post","status-publish","format-aside","has-post-thumbnail","category-leaders-en","category-press-releases","tag-fsru","tag-senegal-2","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SENEGAL: FSRU Arrives for Karpowership\u2019s Landmark LNG Transition\u00a0 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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