UPDATE: From CiberCuba (14 December 2024)- excerpts: “Cuba’s Electric Union (UNE) announced that the Turkish floating power plant Cankuthan Bey, which arrived in Havana Bay on December 8, is not part of its contract with the Turkish company Karpowership and that it “will leave Cuba” once the commissioning of its units is completed. “The KPS56 barge (Cankuthan Bey) arrived in Havana on Sunday, December 8, to conduct commissioning work on its units, and once completed, it will leave Cuba. This floating plant is not part of the contract between UNE and the Turkish company Karen Dis Ticaret,” UNE stated on its social media. The Cankuthan Bey, with a generation capacity of 80 MW, temporarily joined the other five operational floating power plants in Cuba.

Since 2019, Cuba has received eight Turkish floating power plants, of which six are currently operational: three in Havana (Belgin Sultan, Suheyla Sultan, and Erol Bay), one in Mariel (Ela Sultan), another in Santiago de Cuba (Erin Sultan), and for now, the Cankuthan Bey.

… a floating plant with a capacity of 100 MW cost over 114 million dollars for 18 months of operation, while in the Dominican Republic, two barges with a capacity of 180 MW incurred expenses of 40 million over 42 months. These findings suggest multibillion-dollar costs that Cuba could hardly manage without external financial support or through opaque agreements made with Turkish authorities.”

From Istanbul, Turkiye-based Karadeniz Holdings (2023 revenue approximately US$560 million): “For the last 74 years Karadeniz Holding has been one of the most innovative companies leading the energy sector not only in Turkey but in the world, as well as having operations in the finance, real estate, and shipbuilding industries.”

LINK To Company Global Presence Map In PDF Format

“Turkiye’s Karadeniz Holdings Now Has Eight “Karpowerships” In Cuba Providing Approximately 25% Of Island’s Electricity. In 53 Months, Company Now Has 22.2% Of Its 36-Vessel Fleet In Cuba- And There Have Already Been Payment Issues.”