Karpowership Stakeholder Analysis

The document provides a stakeholder analysis of the Karpowership project in South Africa, which involves the deployment of floating gas ships to provide 1,220 MW of emergency power. It details the corporate structure of Karpowership SA, a joint venture between the Turkish conglomerate Karadeniz Holding and Powergroup South Africa. The analysis identifies key suppliers, including Shell plc for LNG delivery and Mitsui OSK Lines for regasification services, and lists a syndicate of four banks that provided a US$ 140 million loan to Karpowership in March 2020.

• In September 2021, the National Energy Regulator of South Africa (NERSA) issued three licenses to Karpowership for floating gas ships in Coega, Richards Bay, and Saldanha, with a total installed capacity of 1,220 MW.
• Karpowership SA is a joint venture established on 25 October 2019, with Karpowership owning 51% and Powergroup owning 49% of the shares.
• The project is part of the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), an emergency initiative to procure 2,000 MW of capacity to address South Africa's electricity crisis.
• The project's supply chain includes Royal Dutch Shell plc as the exclusive LNG supplier and Mitsui OSK Lines (MOL), which provides floating storage and regasification units (FSRU) through the KARMOL partnership.
• Other technical suppliers include MAN Energy Solutions, which provides engines for the fleet, and Höegh LNG, which is listed as providing FSRU services.
• A US$ 140 million loan for general corporate purposes was provided to Karpowership in March 2020 by a syndicate consisting of Standard Chartered (UK), Investec Group (South Africa), Isbank (Turkey), and MCB Group (Mauritius).

APA

Warmerdam, W. (n.d.). Karpowership Stakeholder Analysis. Centre for Environmental Rights. https://cer.org.za/wp-content/uploads/2022/12/Karpowership-Stakeholder-Analysis.pdf?x21779

Chicago

Warmerdam, Ward. Karpowership Stakeholder Analysis. Centre for Environmental Rights, n.d. https://cer.org.za/wp-content/uploads/2022/12/Karpowership-Stakeholder-Analysis.pdf?x21779.

Wikipedia

{{cite report |last1=Warmerdam |first1=Ward |title=Karpowership Stakeholder Analysis |publisher=Centre for Environmental Rights |url=https://cer.org.za/wp-content/uploads/2022/12/Karpowership-Stakeholder-Analysis.pdf?x21779 |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{warmerdamndkarpowership, author = {Warmerdam, Ward}, title = {{Karpowership Stakeholder Analysis}}, institution = {Centre for Environmental Rights}, url = {https://cer.org.za/wp-content/uploads/2022/12/Karpowership-Stakeholder-Analysis.pdf?x21779}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }