Cambodia has completed negotiations to take a 200MW power ship belonging to Turkey’s Karadeniz on a three-year charter to meet electricity demands in Phnom Penh, amid a nearly 400MW electricity shortage nationwide. No specific financial terms of the charter have been revealed.
The Cambodian government said it would subsidise the extra costs of the power produced from the floating power station.
The power ship’s electricity works out at $0.14 per kWh, a $0.03 mark-up from local hydropower plants.
Karadeniz’s powerships are a series of converted capesizes that have been turned into floating power stations and are deployed around the world, principally in nations with power shortages.