- Karpowership has announced its plans to invest a transformative $1 billion in LNG-to-Power infrastructure.
- Harnessing its domestic gas resources, the project creates significant new opportunities for Mozambique and the wider region.
Karpowership, a major international energy company renowned for its innovative solutions, has announced its plans to invest a transformative $1 billion in LNG-to-power infrastructure based in Mozambique and make it available to the entire South African Power Pool (SAPP).
This groundbreaking project would enhance the country’s domestic energy landscape and that of the wider SAPP by providing reliable and low-cost electricity to 5 million people.
Karpowership is a global provider of gas-to-power solutions with projects in Ghana and Brazil. Similar to its project in Brazil, the new initiative would feature a state-of-the-art natural gas-powered facility with a capacity of up to 500 MW, including one of the largest Powerships in the world and a Floating Storage Regasification Unit (FSRU). This latest development builds on Karpowership’s existing partnership with Mozambique, where it began operations in 2016, providing land-locked Zambia with 115 MW of reliable electricity.
Harnessing its domestic gas resources, the project creates significant new opportunities for Mozambique and the wider region: providing a reliable energy source to Mozambique’s own electricity utility company, Electricidade de Mozambique (EdM), or for export to public and private entities in the neighbouring countries within the SAPP region, including Zambia, Zimbabwe, Botswana, Namibia, and others.
Karpowership’s collaboration with EdM on Mozambique’s domestic power supply has already seen substantial progress. The company supplies electricity through its powership operating in Nacala Bay, which has contributed to the country’s energy security and economic growth since 2018. The company recently showcased one of its state-of-the-art Powerships—identical to the one planned for this new venture—at the Port of Maputo, providing attendees with an insight into its fast, flexible power solution.
“Karpowership is proud to serve as a committed partner to Mozambique, and we are thrilled to be deepening that relationship, creating a vehicle together that will power the wider region from Mozambique – addressing regional electricity deficits and enhancing economic activity,” said Zeynep Harezi Yılmaz, Karpowership’s Chief Operating Officer.