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Turkish floating power plant operator Karpowership and Japanese Mitsui O.S.K. Lines joint venture KARMOL have secured financing from the Japan Bank for International Cooperation (JBIC) and MUFG Bank.
The Turkish company said in a statement on Friday that the loan is to finance a floating storage and regasification unit (FSRU) in Senegal.
The loan agreement was signed on Dec. 30, 2022, with KARMOL, through Senegal LNGT Company Limited, for an amount of up to $71 million.
The FSRU will supply regasified liquefied natural gas (LNG) to a Karpowership floating power plant in Senegal.
Karpowership which is owned by Turkish conglomerate Karadeniz Holding is a pioneer behind floating electricity-generation facilities.
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