karpowership.

com

Confidential
 INTRODUCTION
KARPOWERSHIP AT A GLANCE

KARPOWERSHIP
AT A GLANCE
Global - diversified - high growth unique power generation enterprise
Based on Powerships and floating LNG assets
Emerging to developed markets, long term IPP projects or short to medium term
bridge gap solutions (base load, peak shaving, mid-merit)
Delivering innovative and flexible technical, contractual and financial
solutions for fast-track implementation
Eliminating completion and construction related risks and re-
deployment flexibility securing sustainable economics over the long
lifetime of the assets

2,600 employees from 26 different countries Turn-key solutions covering the entire value chain, fuel supply (from
upstream to down-stream) to power generation
10,000+ jobs created around the world
Improving environmental baseline, utilizing state-of-the-art
Project sizes from small (30MW) to utility scale (3,000MW) technologies and delivering a tangible instrument of change for
migration to cleaner fuels
One stop shop: In-house Design, EPC, O&M, Development and Investment
capabilities (own shipyard, strong balance sheet and human resources) Embracing all international HSE regulations and global best practices

Confidential
 KARPOWERSHIP UNLOCKS ENERGY TRANSITION NOW

SENEGAL
Global Footprint
Ayşegül Sultan Yasin Bey
235 MW 100 MW

DOMINICAN THE GAMBIA

REPUBLIC

Göktay Bey
36 MW

İrem Sultan Esra Sultan

GUINEA-BISSAU
115 MW 79 MW

Metin Bey

CUBA 36 MW

SIERRA LEONE

Erin Sultan Erol Bey Belgin Sultan Doğan Bey

132 MW 72 MW 15 MW 126 MW

IVORY COAST
Ela Sultan Barış Bey Süheyla Sultan
79 MW 37 MW 79 MW

Fatmagül Sultan
202 MW

GHANA
NEW
3 MOZAMBIQUE CALEDONIA
BRAZIL
Osman Khan
470 MW

Mehmet Bey
NIGERIA 125 MW
Orhan Bey
Yurdanur Sultan
115 MW
Osman Bey
258 MW SUDAN 202 MW

Nezih Bey
190 MW
Zeynep Sultan Filiz Sultan Rauf Bey Kaya Bey Ebru Sultan
125 MW 79 MW 179 MW 216 MW 85 MW

DRC
SOUTH AFRICA
Yasin Bey
125 MW

Onur Sultan Orka Sultan Orhan Ali Khan Göksel Bey

OPERATIONAL COUNTRIES 470 MW 415 MW 415 MW 40 MW

SOON TO BE OPERATIONAL

PAST REFERENCES ZAMBIA IRAQ INDONESIA

G. CONAKRY LEBANON

Rauf Bey Doğan Bey Onur Sultan Gökhan Bey Yasin Bey Zeynep Sultan Nezih Bey
Orhan Bey İrem Sultan Kaya Bey İrem Sultan
Fatmagül Sultan 179 MW 126 MW 470 MW 125 MW 125 MW 125 MW 36 MW
İbrahim Bey 202 MW 115 MW 216 MW 115 MW
202 MW
125 MW

Confidential
 INTRODUCTION
POWERING THE WORLD

COMPANY OVERVIEW CURRENT AREAS OF

OPERATION

Karpowership, an innovative and integrated energy POWERSHIP FSRU

conglomerate, is the owner, operator and builder of the only
Powership (floating power plant) fleet in the world

Operational fleet of 36 Powerships with 6.000 MW installed

capacity

Floating gas infrastructure fleet consisting of FSRUs/LNGCs

Successfully completed 19 projects.

Awarded or contracted to supply additional countries LAND BASED SOLAR

Growing renewable portfolio, currently Solar and Geothermal
in Turkey, and Solar in Ukraine

Confidential

BRIEF HISTORY OF KARPOWERSHIP
1948
Establishment of Karadeniz Holding
2016
First cross-border power supply to
Zambia via Mozambique
Introduced the world's largest
Powership of 470 MW
Second Powership to Indonesia
Umurlu Geothermal Plant extension
from 12 MW to 24 MW
2017
Established a solar energy plant in
Hatay, Turkey
Total capacity of 3,100 MW
(including Land-based power plants)
Third and fourth Powerships to
Indonesia
Confidential
1996
Entrance to energy market
2014
Beginning of Ghana
Powership Project
2018
2,800 MW installed capacity
with 15 Powerships
Start of Gambia Powership Project
Start of Sierra Leone Powership
Project
Start of Sudan Powership Project
Fifth Powership to Indonesia
1999
Established its first land-
based power plant in
Turkey
2013
First Powership to Lebanon
2019-2020
Completed 28 Powerships with an
installed capacity of 4.6 GW
(by 2020 year-end)
Start of Guinea Bissau Powership
Project
Start of Cuba Powership Project
Second Powership to Sierra Leone
Start of Senegal Powership Project
Start of Guinea-Conakry Project
BRIEF HISTORY OF KARPOWERSHIP
2003
The first company
engaged in electricity
exports from Turkey
2012
Established a geothermal
power plant in Aydın, Turkey
2021
Award of 1.2 GW South Africa
project
Contract signing for DRC project
Conversion of operations to
Natural Gas via FSRU for Senegal
Award of Brazil project
Completed 33 Powerships
INTRODUCTION
2007
Launch of
Powership
Project
2010
First Powership to Iraq
The first private company
engaged in electricity
Imports from Turkey to
Europe
2022
Start of New Caledonia project
with SLN - first B2B project
Start of Brazil Project
Award of 178 MW
Dominican Republic Tender
Start of Ivory Coast Powership,
Land-based and FSRU projects
Completed 36 Powerships with
an installed capacity of 6 GW
 POWERSHIP VALUE PROPOSITION
ONE-STOP SOLUTION FOR SECURITY OF SUPPLY AND MITIGATION OF PRICE RISK

FAST TRACK HIGHLY EFFICIENT ECONOMICAL INTEGRATED

Delivering within weeks
No major site preparation or land
permits required
No completion or construction risk
No EPC risk
No O&M risk
Delivered ready for power production
Delivering highest efficiency and availability Lowest cost of delivered power,
Utilizing multi-fuel engine/gas turbine not subsidized
technology Physical hedge towards extreme
Suitable for base load, mid-merit and peak peak prices
shaving Multi-fuel flexibility
Significant savings per kWh (NG/LNG/Liquid Fuels)
No capital investment required
from customers
"Plug & Play", delivered ready to operate
Direct grid connection
Onboard high voltage (HV) substation,
fuel storage, accommodation,
Workshops
Offshore mooring - no land infrastructure
Standardized, built to spec, resilient
power solution
Complete power facility

Confidential
 WHY POWERSHIPS?
ALL PURPOSE ENERGY SUPPLY

POWERSHIP CAPACITY: PROJECT SIZE: CONTRACT TERM:

30 - 480MW+ 30 UP TO 1,200MW+ 6 MONTHS - 20 YEARS
DELIVERY: FUEL:
LESS THAN NG / LNG /
30 DAYS LIQUID FUELS
SHORT MEDIUM LONG TERM / PERMANENT
Long Term/Permanent Projects also include land-based thermal and renewable power plants

EMERGENCY LONG TERM

POWERSHIP APPLICATIONS
Phase Out Seasonal
Bridging Power Island Mode Gas-to-Power Phase in Coal/ IPP Supply due to
Nuclear Climate Change

Bridge to land-
Hybrid Power Transitional based projects
Emergency Power Base Load (Solar) PPP BOT Power Supply owned/developed
by the group

Battery + Watership
Rental Peak Shaving Mid-Merit Merchant PPA Applications

Confidential
 POWERSHIP FLEET
KHAN, SHARK, SEAL, ORCA AND MERMAID CLASS POWERSHIPS

KHAN CLASS SHARK CLASS SEAL CLASS

> 400 MW 220 – 100 MW 50 –30 MW

KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP
ONUR SULTAN DOĞAN BEY RAUF BEY KAYA BEY GÖKTAY BEY KORAY BEY
KPS #14 – 470 MW KPS #3 –126 MW KPS #4 –179 MW KPS #5 –216 MW KPS #53 –34 MW KPS #50 –35 MW

KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP
ORHAN ALİ KHAN ZEYNEP SULTAN KPS YASİN BEY GÖKHAN BEY METİN BEY NEZİH BEY
KPS #16 – 415 MW #11 –125 MW KPS #23 –125 MW KPS #22 –125 MW KPS #51 –34 MW KPS #52 –37 MW

KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP
OSMAN KHAN İBRAHİM BEY MEHMET BEY MEHMET BEY BARIŞ BEY GÖKSEL BEY
KPS #12 –470 MW KPS #24 –125 MW KPS #25 –125 MW KPS #26 –115 MW KPS #54 –37 MW KPS #55 –40 MW

KARADENİZ POWERSHIP KARADENİZ POWERSHIP

ORKA SULTAN BELGİN SULTAN
KPS #15 –415 MW KPS #57 –10 MW

SELF
Confidential
PROPELLED
 POWERSHIP FLEET
KHAN, SHARK, SEAL, ORCA AND MERMAID CLASS POWERSHIPS

ORCA CLASS MERMAID CLASS

280 - 110 MW 140 – 60 MW

KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP

ORHAN BEY OSMAN BEY ESRA SULTAN ERİN SULTAN
KPS #9 – 202 MW KPS #8 – 258 MW KPS #60 – 79 MW KPS #6 – 140 MW

KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP

FATMAGÜL SULTAN DENİZ SULTAN FİLİZ SULTAN YURDANUR SULTAN
KPS #7 – 202 MW KPS #90 – 240MW KPS #61 – 79 MW KPS #2 – 120 MW

KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP KARADENİZ POWERSHIP

AYŞEGÜL SULTAN SÜHEYLA SULTAN ELA SULTAN EROL BEY
KPS #10 – 235 MW KPS #1 – 240 MW KPS #62 – 79 MW KPS #66 – 72 MW

KARADENİZ POWERSHIP
EBRU SULTAN
KPS #65 – 104 MW

NON - PROPELLED
Confidential

FLEET CONSTRUCTION
PROCESS
Powerships are designed and engineered in-house and
constructed in 4 shipyards in Turkey, one of which is Karmarine,
Karpowership’s own shipyard.
Karmarine shipyard is the engineering, logistics, marine
operations and construction management center for all
Powerships as well as the main campus for Karpowership academy.
Powerships are standardized to accommodate different
climates and geographies.
During construction, company establishes strategic cooperation
with the world 's leading OEMs and suppliers.
Karpowership builds Powerships to spec and always has a fleet
ready-to-deploy.
Confidential
WHY POWERSHIPS?
FLEET CONSTRUCTION PROCESS
IN-HOUSE CAPABILITIES
Project feasibility and planning
Acquisition of vessel
Project design and construction of Powership
Contract signing with off-taker
Marine preparation for mooring and berthing of Powership
Electrical interconnection to evacuate power
Operation and maintenance crews delivering guaranteed uptime & reliability
Fuel management providing accurate forecasting & logistic planning
Availability of full project spares and consumables
Contract and project management ensuring it is on time and on budget,
every time
Project financing options aligned to end-user and project requirements
 TURN-KEY OFFERING
ONE-STOP ENERGY SOLUTION AND INTEGRATED INFRASTRUCTURE PLAY

ENGINEERING, OPERATIONS & TRANSMISSION &

DESIGN & MAINTENANCE DISTRIBUTION
CONSTRUCTION

FUEL SUPPLY & FINANCING CORPORATE

SUPPORT FLEET RESPONSIBILITY,
SUSTAINABILITY

Confidential
 WHY POWERSHIPS?
LNG-TO-POWER OPERATIONS

POWERSHIP OPERATIONS' OVERVIEW

GAS SUPPLY LNG ASSET FLEET POWERSHIP GRIDLINE

Gas Supplier SPV Karpowership Karpowership Off-taker Customer

IOC/NOC

VALUE PROPOSITION FOR LNG TO POWER FUELING OPTIONS

NATURAL GAS (ON-SHORE MOORING)
MINIMAL USE OF LAND
Migrate Current Portfolio to Gas Competitive Edge Market Leader in Floating
Power Generation

Complete value chain for small to Shortest time to market Pioneer in complete floating
medium scale gas play Gas-to-Power solution

Floating Storage and Regasification State of the art technology with Future of the Powership
Unit (FSRU) highest efficiency NATURAL GAS (FSRU MOORING)
NO USE OF LAND
Floating Storage Unit Ability to supply re-gasified LNG to
(FSU) on-shore power plants

Floating Regasification Unit Clean and cheaper solution

(FRU)

Confidential
 KPS LNG
APPLICATIONS

karpowership.com

Confidential
 A floating liquefied natural gas (FLNG) facility is a floating production
FLOATING LIQUEFIED storage and offloading unit that conducts liquefied natural gas (LNG)
operations for developing offshore natural gas resources. Floating
NATURAL GAS above an offshore natural gas field, the FLNG facility produces,
liquefies, stores and transfers LNG (and potentially LPG and
CONCEPT condensate) at sea before carriers ship it directly to markets.

High pressure LNG transfer at

gas transfer -163°C to
to FLNG the FSU or FSRU

UPSTREAM GAS TRANSPORTATION GAS TREATMENT FLOATING LIQUEFIED

RAW GAS TREATMENT WITH PIPELINE NATURAL GAS

Natural gas quality requirement:

Clean, pipeline quality In order to match the required gas Mooring configuration chosen
quality, gas treatment and shore according to site: spread/spud
compressor may be needed or alongside jetty mooring

Confidential
 KARPOWERSHIP FLNGTS SOLUTION
› In collaboration with Galileo Technologies, our project aims to change the
natural gas industry in a big way, bringing in new and exciting improvements.
› These modular units, developed by Galileo, serve as the backbone of our
innovative approach, allowing for increased flexibility, scalability, and
efficiency in our operations.
› Leveraging Galileo's expertise, we aim to seamlessly integrate these modular
solutions into our project, optimizing liquefied natural gas processes and
storage.
› This strategic partnership ensures that our project not only meets but exceeds
industry standards, promising a sustainable and forward-thinking solution for
the future of energy.
› With Galileo's modular technology at the core, we are poised to deliver a
transformative and environmentally conscious project that aligns with the
evolving needs of the global energy landscape.

Karpowership FLNGTS Group

› FLNGTS Anatolia– 0.375 MTPA
› FLNGTS Latam– 0.75 MTPA
› FLNGTS Turkiye– 1.125 MTPA
› FLNGTS Karadeniz– 1.125 MTPA

Confidential
 GAS-TO-POWERSHIP
POWERSHIP OPERATIONS' OVERVIEW
GAS SUPPLY POWERSHIP GRIDLINE

Pipeline Gas Karpowership Off-taker Customer

(Filtered if necessary)

VALUE PROPOSITION FOR GAS TO POWER FUELING OPTIONS

Migrate Current Portfolio to Gas
Complete value chain for small to
medium scale gas play
Floating Storage and Regasification
Unit (FSRU)
Floating Storage Unit (FSU)
Floating Regasification Unit (FRU)
Competitive Edge Market Leader in Floating NATURAL GAS (ON-SHORE MOORING)
Power Generation MINIMAL USE OF LAND
Shortest time to market Pioneer in complete floating
Gas-to-Power solution
State of the art technology with
highest efficiency
Future of the Powership
Ability to supply re-gasified LNG to
on-shore power plants
Clean and cheaper solution

Confidential
 LAND BASED LIQUIFICATION
Land Based Liquefaction Small to Medium Scale

LNG TRANSPORTATION END USER

LNG Transportation with LNG Trucks Karpowership with LNG Storage and Regasification
Modules

GAS SUPPLY

OR
OR

Pipeline Gas Land Based Medium

(filtered if Scale Liquefaction Units
necessary)

Land-based liquefaction plant is built at a location near a gas field

or pipeline. Gas is filtered if necessary
Small-Scale LNG Carriers Other Power Producers with LNG Storage and
Liquified gas is transferred to final Powership and/or other end Regasification Modules
user location by LNG trucks and/or by small-scale LNG carriers

At the final location, LNG is stored and regasified to be consumed

by end user.

Confidential
 LNG FORM GAS FORM
REGASIFICATION
PLANT
VIRTUAL
LIQUEFACTION FLNG
PLANT PIPELINE
OR LAND-BASED
KARPOWERSHIP AND

GAS FORM
FLOATING
OPTIONS
LNG FORM

ON LAND
OR
LNG received from land-based
liquefaction plant directly or carried from
OTHER POWER FLNG to shore by SSLNGC or cryogenic
LNG TRUCKS LNG CARRIER PLANTS hoses and transferred to LNG trucks at
SMALL SCALE
LIQUEFACTION PLANT filling station
SMALL SCALE LNG transferred to final Powership
REGASIFICATION and/or other end user location by LNG
PLANT trucks
OR
LNG regasified at land-based storage
and regasification facility for end
FSRU LNG STORAGE customer use

REMOTE MINING,
BY SEA
SMALL SCALE DRILLING & LNG received from land-based
LNG CARRIER OTHER NON-ROAD liquefaction plant directly by cryogenic
OPERATIONS hoses/ LNG trucks or from FLNG directly
to SSLNGC
LNG transferred from SSLNGC to LNG
storage at Powership and/or other end
user location
ISO CONTAINER LNG RAIL LNG LNG FUELED
TENDER/TANKER BUNKER/FUELED TRUCK
LNG is stored and regasified at final
VESSEL location and consumed by end customer

Confidential
19

Technologies Upstream Midstream Downstream

1) Galileo – Gas Processing & Liq. 1) Upstream - FLNG 1) KARMOL 1) Downstream distribution of LNG – JV
Partnertships
› FLNGTS Anatolia– 0.375 MTPA
› › US Region › Argentina
FLNGTS Latam– 0.75 MTPA
› Brazil › Southeast Asia
› FLNGTS Turkiye– 1.125 MTPA › West Africa › East Europe
› FLNGTS Karadeniz– 1.125 MTPA Deployed in KPS Available Deployed in KPS › South Africa
Brazil Project Senegal Project

Storage Capacity: Storage Capacity: Storage Capacity:

126,000 m3 126,000 m3 126,000 m3

Regasification Regasification Regasification

Capacity: 84 Capacity: 84 Capacity: 84
2) Waste-to-Power MMScfd MMScfd MMScfd
2) Karpowership 3) NWS Vessels

2) Small Scale Modular Liquification Facilities

3) New Fuels – RNG, Hydrogen

Promptly Available Donor Fleet – 4 x Moss Type 2) On-site Power Generation for Electricity
Storage Capacity: 127,000 m3
Intensive Consumers
Storage Capacity: 109,000 m3

Regasification Capacity: Subject FLNG/FSRU Conversion

› Power generation on site to eliminate
to contract Candidates transmission losses and/or for off-grid
facilities.

› Modular, scalable, transportable, remotely

monitored gas-to-LNG technology 3) LNG Bunkering

3) Gas Production
› Supply of LNG to large containership, car
› Stranded gas fields carrier and bulker lines crossing north –
south Asia.

Confidential
 BRAZIL–PROJECT
LAYOUT PRODUCED ELECTRICITY
TRANSMITTED TO THE GRID
LNG Storage Capacity - 125,000 m3
Moss type containment system
LNG Carrier for supply of 560 MW of dispatch Cargo transfer:
flexible hoses, STS

FSRU
PERMANENTLY
GAS CONNECTION 4 POWERSHIPS
MOORED WITH TOTAL
WITH FLEXIBLE
HOSES INSTALLED
CAPACITY OF
LNGC 560 MW
FULL
CARGO STS
– 24H

Confidential
 SENEGAL–PROJECT
BELAIR
KPS
LAYOUT
POWERPLANT LNG Storage Capacity - 125,000 m3 Moss type containment system
LNG Carrier to supply LNG volume required for power generation Cargo
transfer: pipeline, STS

UNDERSEA AND
ON LAND GAS
PIPELINE FROM
FSRU TO KPS
AND BELAIR
POWERPLANT FSRU
PERMANENTLY
MOORED

Confidential
 POWERSHIP WITH
TOTAL INSTALLED
CAPACITY OF 470 MW

22

GHANA –PROJECT
LAYOUT PIPED GAS FROM THE
SANKOFA OFFSHORE
Receiving natural gas directly from the local gas grid GAS PROJECT

Confidential
 WHY POWERSHIPS?
SUSTAINABILITY AND ENVIRONMENT
AT THE HEART, MIND AND EVERYDAY LIFE OF KARPOWERSHIP

Karpowership is a strong advocate and enabler of the shift

to cleaner energy while minimizing the environmental
impacts caused by the nature of our business.

No Poverty Decent Work & Sustainable Cities Climate Action

Economic Growth And Communities

Affordable & Industry, Inovation Responsible Consumption Partnerships For

Clean Energy & Infrastructure And Production The Goals

Confidential
 WHY POWERSHIPS?
IN THE EYES OF THE WORLD

Karpowership has created 10,000+ jobs around

the world.

An additional 1,500 people are employed through

Karpowershiphas been selected by UNDP for serving
many of its 17 sustainability goals. Ghana was the
first documentary featured on TV in 2016, followed by
Lebanon, Indonesia and Mozambique in 2017.
GHANA INDONESIA
sub-contractors in Turkey and locally at
host countries.
Discovery Channel’s documentary on technology
«How Do They Do It?» and ships «Mighty
Ship» featured Karpowership in their 2017 and
2018 seasons respectively. Powership operations are currently conducted
by 50% expats and 50% local work force, ever
HOW DO increasing local content.
MIGHTY SHIPS THEY DO IT?

Vocational training and employment presented

to communities will increase social welfare and
better understanding of the energy
sector. 10,000 hours of training to local
employees are given each year, in which
LEBANON MOZAMBIQUE Engineering and EH&S are the majority
components.

Confidential
 WHY POWERSHIPS?
IN THE EYES OF THE WORLD

CORPORATE
SOCIAL RESPONSIBILITY
Since 2015 Karpowership has completed more than 100 different projects
TURKEY
distributed between its operational countries, directly touching the lives of more
than 100,000 people.
LEBANON
CUBA
SENEGAL
THE GAMBIA
GUINEA CONAKRY SUDAN INDONESIA
GUINEA-BISSAU GHANA
SIERRA LEONE
MOZAMBIQUE

Corporate social responsibility (CSR) is an important

element of Karpowership group strategy and plays a key
role in the efforts to discover new ways of extending and
improving people’s lives.

Karpowership makes a change in peoples’ lives

targeting all surrounding communities and people in
need from fishermen in Ghana to students in
Mozambique, to villagers in Indonesia.

Karpowership engages in a number of initiatives mostly

in Education and Community Support that give back to
the communities in which it operates.

Confidential
 THANK YOU

Confidential