Once started as a conglomerate that dealt in heavy industrial machinery and industrial products, Karadeniz Holding has come a long way. Its journey from an industrial machine-producing company to a global leader in energy solutions has been inspirational. Today, Karadeniz Holding, which was established in Turkey by the late Rauf Osman Karadeniz, has expanded its business into 4 main verticals – energy solutions, real estate, ship building,and finance.
What Is Karkey?
Karkey is an award-winning energysolutions company that was the first of its kind to acquire more than one license following the liberalisation of the Turkish Energy Sector in 1999. For12 consecutive years, the company offered energy solutions to its neighbouring country, Iraq’s northern region, through cross-border lines. This was possiblethanks to its thermal power plant, which was based in Silopi, a city in Turkey’s Sirnak Province.
Karpowership – The future ofon-fleet energy solutions
Karpowership is known forbuilding floating energy solutions-offering infrastructures. It has been successfully operating for over 25 years and is currently spearheaded by their CEO, Mr Orhan Remzi Karadeniz. Karpowership offers integrated energy solutions,with projects running both in Turkey and around the globe. As of now, Karpowership has successfully offered comprehensive power and energy solutions to twenty-plus countries. With Karpowership, Karadeniz Holding was able to establish its first-ever floating power plant, ‘Powership’,the construction of which began in the year 2007. For over 15 years, the company has been successfully offering energy solutions to countries in need. The company owns 45 Powerships to date, with installation capacity exceeding8000 MW (mega watt).
Staying true to the ‘OneWorld’ Philosophy
The conglomerate’s founder believed in the ‘One World’ philosophy, and even today, Karadeniz Holding continues to carry on his message across borders. They are constantly trying tobring in a positive impact without considering the geographical boundaries.They constantly work towards the socio-economic development of the communities,not just offering philanthropy for the sake of ESG filings, but also because every human life matters. The 2023 earthquake disrupted the lives of Turkish people, with several losing their homes. A lot of people were mentally affected as several lost their loved ones. During such vulnerable times, Karpowership turned one of its Powerships into a Lifeship and deploy edit to the earthquake-affected area. This Lifeship housed all the earthquake victims, offering them complimentary food, shelter, nursery, education, as well as clinics for psychological support. Karadeniz Holding has earned a reputation for being a reliable global energy solutions offering company and is now working towards the democratization of offering clean energy to the world.
