Following the recent media coverage, it has become necessary to provide some facts regarding the scenarios evoked in the media regarding the decrease in the energy production level of Karadeniz Powership Fatmagül Sultan.
Karadeniz Powership Fatmagül Sultan completed the operational tests, witnessed by third party international experts, and started delivering 188 MWs of base load electricity ahead of the contractual schedule. The brand new state of the art systems of Karadeniz Powership Fatmagül Sultan have been instrumental in giving additional hours of electricity, much appreciated by the Lebanese citizens.
After the starting of the operations, it was determined by the international laboratories that the fuel delivered to us was not adequate. Upon the determination of the technical issues, Karadeniz, EDL, and the Lebanese Ministry of Energy and Water have decided to cooperate on resolving the issue quickly and within the framework of the contract, ensuring contractual compliance by all parties. EDL is working to ship the adequate fuel , upon the completion of which electricity generation shall be resumed normally.
Contrary to a series of scenarios raised by certain parties and rumors, such initial problems are common to occur in projects of this magnitude, including fuel specifications inadequacies in certain batches. However, it is important that such issues are determined early on in the contract and are resolved within contractual frameworks between the parties, as it has been the case here.
Karadeniz is aware of the importance of the additional supply provided by its Powership Fatmagul Sultan and will continue to operate and provide electricity in utmost goodwill to compensate for the lost generation.
It is worth mentioning that the Karadeniz Powership Fatmagül Sultan, which arrived to Lebanon on February 18th, has been specifically developed to support the Lebanese Energy plan. It was successfully connected to the Lebanese electricity grid ahead of the contractual deadline. The powership, which has liquid fuel as its primary resource, is being operated by a team of highly qualified experts consisting of 60 engineers and technicians.
It is also very important to note that Karadeniz second Power Ship is presently being built and shall sail to Lebanon, where it will dock facing Jieh power plant, to begin the power production as per the contract signed between the company and the Lebanese Ministry of Energy and Water.
