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Tribunal constituted under the World Bank’s arbitral center, ICSID, issued the award in August 2017 in favor of Karkey in the case filed by Karkey against
Pakistan. Pakistan has been sentenced to pay the company one of the highest compensation amounts under ICSID.
393:, due to non-payment and non-supply of oil. At the end of October 2012 the Pakistani government ordered the repayment of the unused amount of the deposit from the Turkish partner before the ships can leave. Upon a complaint filed by a politician in the
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The dispute was also discussed by both countries' prime ministers and state presidents. It was reported that the second
Powership and two other vessels of the Turkish company were still in retainment by August 2014.
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ordered the seizure of the retained
Powerships due to a fine of US$ 120 million demanded by the NAB. The case went to international arbitration on March 11, 2013.
362:. She bridged electricity shortage supplying around 20% of the power demand of the 12-million population city of Karachi for a five-year term. The Powership burns
280:
under various names and flags until she was acquired in 2009 to be converted into a
Powership in Turkey. The Powership supplied electricity to the power grid in
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as the third of the fleet. In 2010 she was considered the "biggest
Powership of the world". The vessel is registered under the Liberian flag with homeport
821:
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853:
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628:
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308:) long vessel has a beam of 32.20 m (105 ft 8 in) and a draft of 6.66 m (21 ft 10 in). By 75,485
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412:(ICSID). On August 1 the same year, a second decision of the ICSID enabled the definitive and lasting release of the Powership.
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366:, the only available energy resource in Pakistan. After serving in Pakistan, the Powership supplied electricity to
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sailed from
Karachi to Dubai for repairs and maintenance, in compliance with an intermediate decision of the
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In March 2012 the
Karadeniz Energy Group (Karkey) annulled the energy purchase agreement with the Pakistan
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She was built by the
Ishibras Shipyard of Verolme Estaleiros Reunidos do Brasil at
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In
November 2010 the Powership with 216 MW generation power set sail to
598:"Karkey Karadeniz Elektrik Uretim A.S. v. Islamic Republic of Pakistan"
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629:"Pakistan Tarafından Rehin Tutulan Yüzer Enerji Santrali Gemisi"
367:
726:
550:"Dünyanın en büyük 'Enerji Gemisi' Pakistan'a doğru yola çıktı"
382:(NAB), which covered the service of the Turkish Powerships MV
577:"Yüzen santral gemisi krizi büyüyor, fatura 120 milyon dolar"
268:, a floating oil-burning power plant, owned and operated by
404:
On May 16, 2014, after being retained for two years, MV KPS
304:
in
October 1983. The 241.89 m (793 ft 7 in) (
410:
International Centre for Settlement of Investment Disputes
114:
Ishibras Shipyard, Verolme Estaleiros Reunidos do Brasil,
331:before she was sold in May 2009 to Karpowership.
339:She was converted into a Powership and renamed
738:
8:
272:. Built in 1983 in Brazil and christened MV
745:
731:
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579:(in Turkish). Enerji Enstitüsü. 2012-11-27
312:, she has a cargo capacity of 41,521
921:Electric power infrastructure in Pakistan
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221:241.89 m (793 ft 7 in) (
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916:Ships of Karadeniz Powership Company
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447:registered in Cyprus until May 2009.
233:32.20 m (105 ft 8 in)
183:Special Service-Floating Power Plant
241:16.70 m (54 ft 9 in)
14:
526:- 7925546 - Power Station Vessel"
875:Years indicate service begin as
709:
695:
319:She saw service under the names
249:216 MW generation (as Powership)
44:
24:
380:National Accountability Bureau
1:
524:Karadeniz Powership Kaya Bey
499:Karadeniz Powership Rauf Bey
474:Karadeniz Powership Kaya Bey
341:Karadeniz Powership Kaya Bey
258:Karadeniz Powership Kaya Bey
31:Karadeniz Powership Kaya Bey
18:Karadeniz Powership Kaya Bey
654:"Case Details | ICSID"
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931:Pakistan–Turkey relations
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399:Supreme Court of Pakistan
354:, Pakistan also carrying
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37:
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635:(in Turkish). 2014-08-06
558:(in Turkish). 2010-11-05
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386:and the later stationed
358:for the victims of the
172:General characteristics
926:International disputes
395:Parliament of Pakistan
906:Ships built in Brazil
528:. Maritime Connector
440:until December 2000,
364:heavy fuel oil (HFO)
360:2010 Pakistan floods
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276:, she sailed as a
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911:Ships of Liberia
755:Karadeniz Energy
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503:. Marine Traffic
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356:humanitarian aid
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478:. Ship Spotting
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390:KPS Ali Can Bey
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165:Callsign: TCZP4
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689:External links
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672:- IMO 7925546"
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476:- IMO 7925546"
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298:Angra dos Reis
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633:Platin Haber
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384:KPS Kaya Bey
383:
377:
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302:bulk carrier
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278:bulk carrier
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270:Karpowership
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208:75,485
202:41,521
105:Karpowership
94:Karpowership
80:
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68:
62:
30:
17:
847:Onur Sultan
799:İrem Sultan
433:until 1991,
157:MMSI number
896:1983 ships
890:Categories
855:Gökhan Bey
839:Osman Khan
791:Alican Bey
678:2015-11-07
639:2015-11-07
609:2018-08-17
583:2015-11-07
562:2015-11-07
532:2015-11-07
507:2015-11-07
482:2015-11-07
452:References
292:Cargo ship
284:, then in
274:Gulf Grain
189:Bulk cargo
148:IMO number
877:powership
863:Yasin Bey
815:Orhan Bey
767:Doğan Bey
753:Ships of
438:St Cergue
335:Powership
325:St Cergue
266:powership
187:formerly
161:271042525
137:, Liberia
123:Completed
83:(1983–91)
77:(1991–00)
75:St Cergue
71:(2000–09)
783:Kaya Bey
775:Rauf Bey
555:Hürriyet
431:El Amaan
406:Kaya Bey
388:MV
345:Monrovia
321:El-Amaan
288:, Iraq.
282:Pakistan
246:Capacity
135:Monrovia
131:Homeport
118:, Brazil
101:Operator
96:(2009– )
81:El Amaan
65:(2009– )
63:Kaya Bey
374:Dispute
352:Karachi
263:flagged
238:Draught
197:Tonnage
152:7925546
150::
111:Builder
51:Liberia
38:History
866:(2016)
858:(2016)
850:(2016)
842:(2016)
834:(2015)
826:(2015)
818:(2013)
810:(2013)
802:(2012)
794:(2011)
786:(2011)
778:(2010)
770:(2010)
670:Kamari
445:Kamari
397:, the
329:Kamari
218:Length
69:Kamari
603:ICSID
286:Basra
90:Owner
368:Iraq
327:and
230:Beam
126:1983
57:Name
443:ex-
436:ex-
429:ex-
310:DWT
306:LOA
256:MV
223:LOA
210:DWT
892::
631:.
618:^
600:.
552:.
541:^
459:^
370:.
347:.
323:,
316:.
314:GT
204:GT
159::
746:e
739:t
732:v
681:.
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656:.
642:.
612:.
586:.
565:.
535:.
522:"
510:.
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497:"
485:.
472:"
225:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
