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Turkish firm restores power to Bissau as govt resumes debt payment

by Reuters

BISSAU, Guinea-Bissau Oct 19, 2023 - 9:22 am GMT+3
Karpowership's Orhan Bey, an electricity-generating ship, docks at the port of Jiyeh, Lebanon, Aug. 10, 2021. (Reuters Photo)
Karpowership's Orhan Bey, an electricity-generating ship, docks at the port of Jiyeh, Lebanon, Aug. 10, 2021. (Reuters Photo)
by Reuters Oct 19, 2023 9:22 am

Power returned to the capital of Guinea-Bissau on Wednesday afternoon after the West African country's government resumed payments and paid part of the debt of $17 million (TL 476 million) to Turkish company Karpowership, which had earlier halted supply to the city due to outstanding payment.

Karpowership said it cut off electricity supplies to Guinea-Bissau for 1.5 days after fuel suppliers paused work following a protracted period of non-payment.

Economy Minister Suleimane Seidi told reporters on Wednesday that $6 million out of $15 million of arrears owed by the Electricity and Water Company of Guinea-Bissau were paid.

"We are grateful for the government's efforts to resolve the fuel payments, which have allowed us to restart operations swiftly and continue providing the people of Guinea-Bissau with electricity," Karpowership's spokesperson said in a statement.

Karpowership, one of the world's largest operators of floating power plants and part of the Karadeniz Energy Group, has been supplying 100% of Guinea-Bissau's electricity needs since signing a deal in 2019, according to its website.

"Karpower has agreed to renegotiate with the government to ensure that the backlog does not become a problem," Seidi said at a news conference on Tuesday.

In September, Karpowership switched off the electricity supply to Sierra Leone's capital, Freetown, due to an unpaid debt of around $40 million.

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  • Last Update: Oct 19, 2023 10:43 am
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