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05 July 2017
Strategic Cooperation Agreement Signed between Karpowership and PT PAL Indonesia
Karpowership signed with PT PAL to construct its first 4 Indonesian Powerships as part of Company’s additional 5000 MW fleet
 
Karpowership, the sole owner and operator of the world’s largest Powership fleet, and PT PAL, the leading Indonesian stated owned shipyard, are further strengthening their cooperation, witnessed by Nihat Zeybekci, Minister of Foreign Affairs Turkey and Thomas Trikasih Lembong, Minister of Trade Indonesia during the visit of His Excellency Joko Widodo, President of Indonesia to Ankara, Turkey.
 
Both companies signed a strategic cooperation framework agreement for the construction of the first 4 Indonesian Powerships in the shipyards of Indonesia. PT PAL CEO Budiman Saleh and Karpowership CEO Orhan Remzi Karadeniz attended the ceremony and signed the agreement jointly.
 
In October 2016, an MoU (Memorandum of Understanding) was signed with PT PAL for a cooperation concerning the identification and monitoring of the opportunities related to the electricity requirement in Indonesia and throughout the greater region. This MoU enables bother parties to jointly develop and cooperate technology transfer whilst adding Indonesian local content to construct additional fleet.
 
Under the agreement, PT PAL will construct 4 Indo Mermaid Class Powerships with installed capacities of between 36 to 80 MW for the provision of electricity to different islands across the Archipelago. With this strategic cooperation, Karpowership will further advance its operations in Indonesia where, as of today, Karpowership has an installed capacity of 845 MW.
  
About PT PAL
PT PAL is one of the best shipbuilding and engineering organizations in the world, recognized for its core expertise in shipbuilding, general engineering, maintenance and repair, established by the Indonesian government in 1980. PT PAL is a leading player in naval and merchant shipbuilding.
www.pal.co.id