World Bank unit mulls funding of gas-fired power ships project
International Finance Corporation involvement comes as environmental groups pressure investors to halt investment in fossil fuels
12 May 2021 - 18:56
The World Bank’s International Finance Corporation (IFC) has expressed interest in funding bidders for a tender to provide emergency power, including a Turkish supplier of gas-fired power plants on ships, putting it on course for a clash with climate activists.
Karpowership, the Istanbul-based company that won the bulk of bids in March, has until the end of July to secure funding and necessary approvals and agreements to make binding a pact to supply SA with 1,220MW of power for 20 years...
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