Karpowership has completed a significant financial milestone with the closing of a $400 million syndicated facility for its affiliate Sea World Energy Holdings Limited. The Mauritius Commercial Bank served as the Sole Mandated Lead Arranger and Account Bank for the transaction, which represents the company’s first portfolio financing and a significant advancement in its long-term capital strategy.
The new facility is structured to align with Karpowership’s global business model and expanding operational footprint. Designed as a tailored portfolio financing solution, it provides enhanced balance sheet efficiency while supporting continued growth, particularly across Africa. According to the company, the facility was met with strong demand and exceeded subscription expectations, attracting both regional and international lenders. The outcome reflects broad financial-sector confidence in Karpowership’s operational performance and history of delivering fast-track power generation projects.
Karpowership currently accounts for approximately one percent of global gas-to-power installed capacity. Its operations span 20 countries across four continents, including eight countries in Africa where the company maintains an extensive presence. The financing arrives at a time when Karpowership continues to expand its fleet of floating power plants and integrated LNG-to-power solutions. These technologies are designed to accelerate energy delivery in markets that require rapid, reliable, and flexible electricity generation.
The company and its financial partners characterized the transaction as a validation of long-term relationships, client trust, and shared commitment to advancing energy access through innovative financing models. Karpowership emphasized that the facility’s structure aligns closely with its strategic vision, enabling it to operate with greater financial agility while strengthening its ability to meet the growing demand for power across emerging and established markets.
KEY QUOTES
“The successful closing of this $400 million syndicated facility represents a significant milestone in our capital strategy and reflects the confidence that leading regional and international financial institutions place in our operational excellence and delivery record. It reflects our long-standing, trust-based operations in Africa.”
“This first portfolio financing enhances our balance sheet efficiency and provides the flexibility to support our continued growth across Africa. We value the longstanding relationship with the lenders that have committed to the transaction and appreciate their participation in this tailored structure, which is aligned with our strategic objectives.”
Tuğrul Öz, Finance Executive Director, Karpowership
“This bespoke transaction stands as a testament to the capabilities of MCB in understanding and supporting its clients’ strategy by offering Karpowership Group an integrated and innovative financing solution, while ensuring continued access to investors.”
Mathieu Delteil, Global Head of Structured Finance, Mauritius Commercial Bank
