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Morocco World
14 hours ago
- Business
- Morocco World
Turkish Company Shows Interest in Morocco's LNG Market as Bridge to Energy Transition
Cape Town — As Morocco accelerates its transition toward renewable energy, Turkish company Karpowership is positioning itself as a strategic partner to help bridge the country's energy needs through innovative floating liquified natural gas (LNG) solutions. Ali Hjaiej, Karpowership's Vice President of Sales for Africa, outlined the company's vision for Morocco during an interview with Morocco World News (MWN) on the second day of Africa Energy Forum, which is being held from June 17-20 in Cape Town, South Africa. Hjaiej explained how floating power generation could complement the North African country's ambitious green energy goals. 'Morocco is taking a leader place in terms of renewable energy in the region in North and West Africa with huge projects in solar, wind, and wherever,' Hjaiej noted. However, he stressed that thermal power generation remains 'mandatory' to ensure a sustainable energy mix with reliable baseload capacity. Karpowership operates floating power plants installed on barges, offering what Hjaiej describes as a 'plug and play full value chain of LNG to power.' The company currently serves over 17 countries worldwide, including 10 African nations, and leads energy generation in West Africa with a capacity of more than 1,700 MW. Hjaiej noted that timing appears strategic for Morocco, which is awaiting the completion of the Nigeria-Morocco gas pipeline — a major regional infrastructure project designed to supply reliable natural gas to the country — or any other gas projects. He believes that his company's floating storage and regasification units (FSRU) are an ideal transition solution for Morocco. 'Some alternatives can be proposed by Karpowership with a floating regasification and storage unit,' he explained. 'This can be a bridge solution till the pipeline will be ready for the next years.' The floating approach offers distinct advantages over traditional infrastructure, according to Hjaiej. Unlike fixed pipelines that tie countries to specific suppliers, LNG solutions provide flexibility to 'buy gas from East or the West wherever who can offer the best offer for the country.' This flexibility aligns with Morocco's broader energy security strategy. The North African country has been diversifying its energy sources while building one of Africa's most ambitious renewable energy programs, including massive solar projects like the Noor complex in Ouarzazate. Karpowership's technology utilizes high-efficiency combined cycle reciprocating engines capable of running on multiple fuel types, including liquid fuel, natural gas, and LNG. The modular nature of the floating plants allows for rapid deployment and scalable capacity adjustments based on demand. 'The combination of floating solution to deliver gas for the country and the pipeline as a long-term solution can be the best alternatives for Morocco today,' Hjaiej pointed out, focusing on how the approach could provide immediate access to reliable gas while longer-term infrastructure develops. As Morocco continues balancing its renewable energy leadership with baseload power requirements, Karpowership believes its floating LNG solutions represent a pragmatic approach to energy transition in the country — offering the reliability needed today while supporting Morocco's green energy vision for tomorrow. The country has ambitious plans to supply its energy demands from renewable energy, aiming to reach at least 52% of installed energy capacity from renewable energy by 2030, with reports indicating that it has a capacity of 45%. Tags: karpowershipLNG MoroccoMorocco energy
Yahoo
13-03-2025
- Business
- Yahoo
Commissioning of Karpowership's Floating Power Plants: A Major Step Forward for Gabon's Energy Supply
LIBREVILLE, Gabon, March 13, 2025 /PRNewswire/ -- On February 28, 2025, the President of the Transition, General Brice Clotaire Oligui Nguema, officially commissioned Karpowership's floating power plants in the municipality of Owendo. This strategic initiative marks a significant milestone in strengthening Gabon's energy supply, reducing recurring power outages, and supporting the country's economic development. This initiative is part of a broader effort to stabilize electricity supply and ensure reliable service for the people of Gabon, especially in a context where frequent power cuts hinder daily life and economic growth. A Strategic Partnership for Energy Sovereignty Karpowership, the world leader in floating power plants -Powerships -, was selected to contribute to this ambitious project. Ali Hjaiej, Vice President of Karpowership Group, emphasized the importance of this collaboration: "Energy is one of the fundamental pillars of a nation. It embodies both sovereignty and security. We are honored by the opportunity Gabon has given us to contribute to this mission and its success." He also expressed his gratitude to the Gabonese authorities for their trust: "I would like to extend my sincere appreciation and thanks to the Head of State, General Brice Clotaire Oligui Nguema, and his entire team for their unwavering dedication and commitment that made this project a reality." The commissioning of these Powerships is also a first step toward broader energy diversification and reducing inequalities in energy access, particularly in rural and remote areas. Cutting-Edge Technology for Sustainable Energy Technological innovation lies at the heart of Karpowership's solution. Equipped with the latest advancements in power generation, these Powerships provide Gabon with a flexible infrastructure capable of delivering stable electricity tailored to the country's needs. The Powerships integrate advanced energy conversion and optimization systems, ensuring higher efficiency and significantly reducing losses. A Key Step in Modernizing Gabon's Energy Sector The launch ceremony brought together several high-ranking officials, including the Vice President of the Transition, Mr. Joseph Owondault Berre, the Minister of Energy and Water Resources, Séraphin Akuré-Davin, the Interim Administrator of the Gabon Energy and Water Company (SEEG), Mr. Steeve Saurel Legnongo, the General Manager of Karpowership Gabon, and the Ambassador of Turkey to Gabon, Mr. Can Incesu. Together, they welcomed this milestone in the modernization of Gabon's energy sector and its positive impact on the daily lives of Gabonese citizens. This ambitious project demonstrates the Gabonese government's commitment to ensuring stable and high-quality energy access, a crucial factor for the country's economic and social development. The partnership between Gabon and Karpowership serves as a model for public-private collaboration in the energy sector, aligning with Gabon's commitments to sustainability and energy transition. Karpowership is a global energy company with over 25 years of experience in developing innovative power solutions. Through its investments and expertise in floating infrastructures, renewable energy, and land-based power plants, the company provides integrated energy solutions, delivering fast, reliable, and affordable electricity while contributing to the energy mix of its partners. Karpowership owns, operates, and builds the world's only fleet of Powerships, generating electricity in 16 countries across four continents with a total installed capacity exceeding 7,500 MW. The company provides immediate access to sustainable electricity through its unique, ready-to-deploy Powerships. Photo - - View original content to download multimedia: SOURCE Karpowership Sign in to access your portfolio
