Karkey Karadeniz Elektrik Uretim A.S. (Turkiye)

Karadeniz Holding founded in 1948 in Istanbul, entered into the energy sector in 1996 and established Karadeniz Energy Group. The Group's first thermal Power Plant Karkey, began commercial operation in 1999 in Silopi province of Şırnak. Soon after, the plant’s capacity was increased and the generation portfolio of Karadeniz expanded with more renewable and thermal power plants. As a major electricity trader in local and international markets, Karadeniz became a world player with its skillful management and innovative approach.
With the liberalization of the Turkish Energy Sector starting from 2002, Karadeniz Energy Group has become the first company to obtain more than one licenses throughout the energy value chain. Karadeniz became a sector leader in generation, wholesale and cross border electricity trade. Karadeniz Energy Group initiated its global expansion vision in 2008 with the design and construction of its floating power plant fleet of Powerships.
Karadeniz is a world leader in floating power generation solutions to countries with urgent electricty requirments for the short and medium terms. With 5 Powerships already in commercial operation and 8 additional Powerships under construction Karadeniz is also the first and only owner and operator of a fleet of Powerships in the world.
The entire project was designed supply economic and fast track electricity under the project "Power of Friendhip". The total capacity of the Powership fleet will be exceeding 2,000 MW by the end of 2013 upon the completion of the Powerships under construction. The future generation of Powerships are already under design and their construction expected to begin shortly.
Karadeniz Energy Group main activities are electricity generation, domestic and international wholesale electricity trade, and fuel handling. The Group continues to experience rapid growth in its 1000MW+ generation capacities by increasing its installed capacity under the privatization and renewable contexts.