Karpowership Unveils $1 Billion LNG-to-Power Project to Boost South African Energy Grid
(P&GJ) — Karpowership has revealed plans to invest $1 billion in LNG-to-power infrastructure. This project, based in Mozambique, aims to provide reliable electricity to the South African Power Pool (SAPP), benefiting up to 5 million people.
The investment includes a new natural gas-powered facility with a capacity of up to 500 MW, featuring one of the world’s largest Powerships and a Floating Storage Regasification Unit (FSRU). This development builds on Karpowership’s existing operations in Mozambique, where it has been supplying 115 MW of electricity to Zambia since 2016.
The project is expected to enhance Mozambique’s energy supply and support neighboring countries within the SAPP region, including Zambia, Zimbabwe, Botswana, and Namibia. It will also create job opportunities and support economic growth.
Karpowership’s COO, Zeynep Harezi Yılmaz, noted, “We are pleased to strengthen our partnership with Mozambique and contribute to regional energy needs and economic development.”
The investment will provide additional power to Mozambique’s electricity utility, Electricidade de Mozambique (EdM), and offer energy solutions to public and private entities in the region.
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