Energy · La Habana

Karpowership Floating Powerships (Cuba fleet)

Floating powership (barge-mounted generation)

🟡 Joint ventureℹ️ Atlas — info only

Scale

Up to ~420 MW across the fleet at peak (e.g. Suheyla Sultan ~240 MW; contract ~300 MW)

Status

Highly volatile — at peak (2023-24) up to 8 Turkish barges off Havana, Mariel and Santiago supplied ~a quarter of Cuba's power. Most departed by May 2025 over unpaid fuel/operating costs; one returned to Havana April 2026. Opportunity is large but financing is the bottleneck.

Sector

Energy

Province

La Habana

Coordinates

23.150, -82.334

Layer

Layer 2 · Atlas

Notes

Operated by Karpowership (Karadeniz Holding, Türkiye) under contract to UNE/MINEM; vessels are leased and mobile, not Cuban-owned. Coordinates approximate (Havana Bay anchorage).

Controlling entity

Unión Eléctrica (UNE)

National electric utility under the Ministry of Energy and Mines. Owns the thermoelectric fleet, the China-backed solar program and wind farms. State-owned and embargo-restricted, though not itself on the CRL/SDN.

Sources: U.S.-Cuba Trade & Economic Council · Maritime Executive · elTOQUE · CiberCuba

Information only — no U.S. participation today. Register a non-binding indication for the pipeline (for non-U.S. capital or a post-sanctions world).

Not legal or investment advice. U.S. sanctions restrict Cuba investment to the licensed independent private sector. Every transaction is KYC'd, OFAC-SDN & Cuba Restricted List screened, confirmed as an independent private entity (≤100 employees), and subject to OFAC counsel. No money flows to state, JV, GAESA, Restricted-List or confiscated-property counterparties.