Karadeniz Holding Expands Capacity and Projects in Iraq, Dominican Republic, and Senegal
Karadeniz Holding plans to expand its installed capacity by approximately 2.5 times over the next five years, focusing on strategic investments in floating power solutions and LNG terminals. The company recently launched a 590 megawatt project in Iraq, increased capacity in the Dominican Republic to 408 megawatts, and transitioned its Senegal operations to natural gas. With expectations of doubling global energy demand in the next decade, Karadeniz is positioning itself to meet rising energy needs.
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Karadeniz Holding aims to increase its installed capacity by approximately 2.5 times over the next five years. The company operates in over 20 countries across various continents, employing around 3,000 people from 30 different nationalities, with more than half working abroad.
Recently, it launched a 590 megawatt project in Iraq and increased its capacity in the Dominican Republic to 408 megawatts through a new contract. In Senegal, the company transitioned operations from liquid fuels to natural gas and completed necessary infrastructure for the Bel-Air power plant.
Karadeniz Holding is focusing on strategic investments in floating power solutions, LNG terminals, and energy technologies to meet rising global energy demands. The company anticipates that global energy demand could double in the next decade, leading to increased reliance on gas-powered solutions.
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