Karadeniz seals three-year Cambodian power ship charter

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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