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the use of heavy fuel oil (“HFO”) (which is much more POWERSHIPS AND THEIR ADVANTAGES
economic than expensive diesel fuel) or natural gas - Delivered on a fast-track basis and uses no land
including Liquified Natural Gas (“LNG”). Ready for quick Powerships are readily available and quick to deploy.
deployment, Powerships can provide a continuous They are financed and constructed by the builder and
baseload supply of electricity without having to do not pose any completion or construction risks.
undergo the long design and installation processes of Thanks to their floating design, they do not require
regular land-based power plants. They maintain price major site preparation, and are an ideal solution for
competitiveness vis-à-vis emergency expensive diesel land scarce-island nations or small countries. Most
generation sets, mobile gas turbines or even large- importantly, Powerships are delivered to customers
scale combined cycle gas turbines (“CCGT”). ready for power production within timeframes as
What differentiates Powerships from other land- little as 30 days after contract signing.
based and floating alternatives is their unique design The area occupied by Powerships in 4 different
which is an “all-in-one” package and a “plug-and-play” sites in Lebanon and Indonesia vs. the area occupied
solution. The unique fundamentals of Powerships, by old land-based power plants adjacent to them.
and some other floating power solutions, makes Powerships do not occupy any area on land hence

The area occupied by Powerships in 4 different sites in Lebanon and Indonesia vs. the area occupied by
old land-based power plants adjacent to them. Powerships do not occupy any area on land hence their
environmental impact is much less when compared to a land-based power plant of the same capacity.

them the ideal solution for baseload electricity and their environmental impact is much less when
complementary to renewable generation assets compared to a land-based power plant of the same
in the Caribbean primarily offering reliability and capacity.
redundancy. Furthermore, they ensure back- In addition, benefiting from their floating design,
up security whilst increasing renewable energy Powerships are incredibly flexible in terms of
penetration until technical and regulatory measures changing their location when needed. Considering
for grid integration (e.g., forecasting/balancing) are the Region’s vulnerability to natural hazards and
in place and functional (further grid and storage strong weather events, Powerships would serve
technologies are viable and implemented). as reliable electricity supply options which also

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