• Burmese
Wednesday, July 9, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
27 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

Turkey Firms Up Plans to Launch Power Barge to Rangoon

Kyaw Hsu Mon by Kyaw Hsu Mon
November 15, 2016
in Business
Reading Time: 2 mins read
0 0
A A
Karpower barge docked in Istanbul’s Tuzla Sedef Shipyard. / Kyaw Hsu Mon / The Irrawaddy

Karpower barge docked in Istanbul’s Tuzla Sedef Shipyard. / Kyaw Hsu Mon / The Irrawaddy

7.8k
VIEWS
Share on FacebookShare on Twitter

ISTANBUL — Turkey-based Karpower is looking to sail a 480 megawatt-capacity power barge from Istanbul to Burma’s commercial capital of Rangoon in April, expecting it to supply 20 percent of the country’s total electricity consumption, said Orhan Karadeniz, chief executive officer of the Karadeniz Powership energy group, at a ceremony in Istanbul on Sunday.

The 300-meter barge will be situated near Thilawa International Port in Rangoon, and is due to provide 300 megawatts a day to the city for five years.

According to an initial agreement with the Burma government, the electricity will cost US$112.24 per megawatt, said to be among the lowest electricity rates available.

RelatedPosts

Drafting Voters as Cannon-Fodder; Rewarding Lackey Ladies; and More

Drafting Voters as Cannon-Fodder; Rewarding Lackey Ladies; and More

July 5, 2025
963
To Belarus for Bullets and Ballot Scam; A Bogus Peace Forum; and More

To Belarus for Bullets and Ballot Scam; A Bogus Peace Forum; and More

June 28, 2025
1k
Karenni Resistance Leaders Vow to Crack Down on Price Gouging as Fuel Crisis Deepens

Karenni Resistance Leaders Vow to Crack Down on Price Gouging as Fuel Crisis Deepens

June 20, 2025
595

“We are not using turbines. These are engines that are running on natural gas and low-sulphur  HFO [heavy fuel oil] for producing electricity under a dual fuel system,” said Zeynep Harezi of Karpower.

“We’re preparing to set up transmission lines in Thanlyin-Thaketa for the purposes of supplying the electricity,” he added.

Rangoon’s electricity consumption has been rapidly increasing—by 15 percent per year—recently reaching 1200 megawatts per day—which is half of the country’s daily total electricity consumption.

In October, Karpower was awarded the tender as one of two electricity suppliers—the other one being American company APR Energy—to satisfy Rangoon’s growing energy demand, including for factories, hospitals, and schools.

The building of more factories and hotels inside industrial zones is likely one of the reasons for  Rangoon’s energy-demand surge. Rangoon Chief Minister U Phyo Min Thein said in May that the city required more electricity due to the proliferation of businesses—which have had to rely on old cable networks and other weak infrastructures that waste electricity—and that energy demand will probably only increase in light of widespread construction in the city.

“It will continue to be a struggle to distribute a sufficient supply of electricity in the coming months,” U Phyo Min Thein said earlier this year.

A 2014 Burma census revealed that only 32.4 percent of respondents use electricity as their primary source of energy for lighting, while nearly 70 percent said that their main source of energy for cooking comes from firewood, with electricity trailing at 16.4 percent.

Karpower was founded in 1996, and its first power barge went to Iraq in 2010. In June, Turkish Foreign Minister Mevlut Cavusoglu met with Daw Aung San Suu Kyi and offered to share Turkey’s experiences in the health, education, infrastructure, and tourism sectors. He also expressed his ambition to increase his government’s trade value with Burma.

Your Thoughts …
Tags: EconomyEnergyTradeTurkey
Kyaw Hsu Mon

Kyaw Hsu Mon

The Irrawaddy

Similar Picks:

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses
Business

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

by The Irrawaddy
November 27, 2023
38.6k

Jin San Jiao is latest northern Shan State trade hub in crosshairs of ethnic Brotherhood Alliance.

Read moreDetails
General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption
Burma

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption

by The Irrawaddy
September 14, 2023
28.7k

The arrest of ‘kickback king’ Lt-Gen Moe Myint Tun, once seen as a possible successor to Min Aung Hlaing, comes...

Read moreDetails
Myanmar Junta’s ‘Brainless’ Response to Soaring Gold Prices Leaves Market in Disarray
Analysis

Myanmar Junta’s ‘Brainless’ Response to Soaring Gold Prices Leaves Market in Disarray

by Hein Htoo Zan
June 4, 2024
14.8k

Arrests, corruption, false receipts—the crisis in the gold and currency markets bears all the hallmarks of the junta’s inability to...

Read moreDetails
Power-Drunk Junta Tries Selling Myanmar Beer at Gunpoint
Business

Power-Drunk Junta Tries Selling Myanmar Beer at Gunpoint

by Hein Htoo Zan
September 14, 2023
13.8k

Consumer boycott enters new phase as generals launch armed counter-offensive at shops and pubs in Yangon.

Read moreDetails
Indian Blockade Isolates Myanmar’s Rakhine, Pressures Arakan Army to Leave Chin State
Burma

Indian Blockade Isolates Myanmar’s Rakhine, Pressures Arakan Army to Leave Chin State

by The Irrawaddy
June 28, 2024
13.3k

An ethnic Chin group on India’s border has cut off the last major supply route to Rakhine and issued an...

Read moreDetails
Touting Holidays in a Flooded Warzone; Praising Savior China; and More
Junta Watch

Touting Holidays in a Flooded Warzone; Praising Savior China; and More

by The Irrawaddy
October 5, 2024
13.3k

Also this week, the regime launched its pre-election census, and unveiled a flood relief budget dwarfed by military spending as...

Read moreDetails
Load More
Next Post
Government officials clap during the opening ceremony of the Yangon Stock Exchange center in Yangon Dec.  9, 2015. / Soe Zeya Tun / Reuters

World’s Youngest Stock Market Struggles in Burma

US President-elect Donald Trump gestures as he speaks at an election night rally in Manhattan, New York, US, Nov. 9 2016. / Mike Segar / Reuters

Trump’s Foreign Policy Remains Elusive

No Result
View All Result

Recommended

37 Years and Counting: Why Has Myanmar’s Democracy Struggle Taken So Long?

37 Years and Counting: Why Has Myanmar’s Democracy Struggle Taken So Long?

5 days ago
1.2k
Myanmar Junta Blacklists 200 Firms for Dodging Hard Currency Grab

Myanmar Junta Blacklists 200 Firms for Dodging Hard Currency Grab

6 days ago
1.3k

Most Read

  • Myanmar Junta Starves Last Rakhine Strongholds as AA Closes In

    Myanmar Junta Starves Last Rakhine Strongholds as AA Closes In

    shares
    Share 0 Tweet 0
  • Chin Resistance Tensions Boil Over as CNA Seizes Rival’s Myanmar HQ

    shares
    Share 0 Tweet 0
  • Timor-Leste Hits Back at Myanmar Junta’s Objection to ASEAN Membership

    shares
    Share 0 Tweet 0
  • TNLA Defies Myanmar Junta Push to Cede Shan Towns in China Talks  

    shares
    Share 0 Tweet 0
  • Myanmar People Skeptical of Junta’s Promises of Election, Peace

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.