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Which country is the strongest in the power generation ship industry? Even the US and China are lagging behind.

  • Writer: CosDream News
    CosDream News
  • May 7, 2024
  • 2 min read

Updated: Jun 5, 2024



Turkey holds a leading position in the international power generation ship industry.

Founded in 2010, Carl Power Boat is the largest floating power plant operator in Turkey and the world, and currently has 36 power generation vessels of various types with a total power generation capacity of 6,000 MW.


The company's main operations are in developing and underdeveloped countries in Asia, Africa, Central and South America and Europe.



The proportion of power generation and total electricity demand of the customer countries is: 10% in Guinea, 15% in Cuba, 23% in Ghana, 60% in Gambia, 80% in Sierra Leone, 100% in Guinea-Bissau, 10% in Brazil, 7.5% in Cote d 'Ivoire, 15% in Senegal etc.

The flexibility of power generation vessels enables them to address the short - and long-term power needs of a given country. In 2020, Carr's annual revenue exceeded $600 million.


After the outbreak of the war between Russia and Ukraine, the Carl Electric Ship Company ushered in its shining moment.



After a major blow to Ukraine's domestic power supply, the company reached a cooperation agreement with Ukraine to deploy three power generation vessels off the coast of Romania to connect to the Ukrainian grid by cable, solving the electricity needs of one million households.


In the face of Russia's threat to cut off gas supply, Kahl contacted four major European economies and offered to supply electricity at a price of 20 to 25 euro cents per kilowatt-hour, which is in the middle of Europe's level, saving Europe billions of euros and opening up the European market for Kahl.

In recent years, many developing countries, such as India, Vietnam and Brazil, have faced power shortages as developed countries have banned the export of thermal power generation equipment due to environmental protection and carbon emission reduction concerns.


In this context, Carr Power Boat has a huge market opportunity to provide solutions for these countries.


Power generation ships, or integrated floating power plants that rely on barges, address these countries' emergency power needs.


The Karr generator vessels need to be anchored at a depth of 5 meters to provide electricity by burning low-sulfur fuel oil, biodiesel and natural gas.

In some resource-rich countries, power generation ships can be directly connected to local fuel pipelines to generate electricity.


In Indonesia, for example, power generation ships are connected to local natural gas pipelines to generate electricity.


There is a substation on the generator ship that can be connected to the nearest grid by cable. When the power generation ship leaves, it only needs to disconnect the pipes and cables without affecting the local environment.


From the original power generation ship converted from old merchant ships to the world's largest fleet of professional power generation ships, Carr has spent only 14 years.

The power vessel industry report states that the global power vessel market size is about $3.4 billion in 2021 and is expected to reach $22.8 billion by 2031.


Although the power ship industry is not complicated, any country that can build power stations independently can do so.

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