Mauritius Bank Leads $400 Million Loan for Karpowership
A Karpowership floating storage and regasification unit.
Photographer: Dwayne Senior/Bloomberg
Mauritius Commercial Bank Ltd. said it led the raising of a $400 million syndicated loan for the African unit of Karpowership, the world’s biggest provider of ship-mounted electricity plants.
Mauritius’s biggest lender acted as lead arranger for the facility, which has a five-year term and is based on the Turkish company’s power-purchase agreements with the utilities of African nations, it said in a statement on its website. It will use the loan, which can be increased, for liquidity management by Karpowership’s Sea World Energy Holdings Ltd. unit.