Turkey's Karpowership, a subsidiary of Karadeniz Holding, notified Lebanon that it will halt the electricity supply to the country from two power ships if the country does not end the legal action which is baseless, Zeynep Harezi, chief commercial officer of Karpowership, told Anadolu Agency.
A Lebanese financial prosecutor decided to seize power units of Karpowership, Fatmagul Sultan and Orhan Bey, and fined them with $25 million, Lebanese media reported.
However, Harezi said that the company was not served any legal notification and was only informed about the decision from the media reports.
Karpowership has been supplying to Lebanon since 2013 and has two operating power ships ashore.
Each power ship has a capacity of 202 megawatts (MW) and they meet around 25% of the country’s power need with 404 MW in total.
'We continued to supply power to the country although we have not been paid for about 18 months as Lebanon is going through financial problems. The amount of debt accumulated was over $100 million during this period,' Harezi noted.
She said the company asked Lebanese officials to halt the legal action to seize vessels and outline a payment plan for the debt so that the power supply will continue.
She said that the company’s assets, reputation and their work in the country is under threat.
'If we can not find a solution, we will cut the electricity supply to the country in a few days when the power ships run out of fuel ,' Harezi added.
In a letter seen by Anadolu Agency, which the company sent both to Lebanese President Michel Aoun and the Prime Minister Hassan Diab, Karpowership underscored the accusations and the legal action are baseless.
The legal order was issued without consideration for the rule of law or due process and allegations are false, the company said in the letter.
The letter also read that the priority of the company is to find a reasonable solution which may allow them to continue providing Lebanon with the “much-needed and low-cost electricity” supplied by Karpowership.
By Nuran Erkul Kaya