Pioneering Energy Solutions Since 1948

The foundation of Karadeniz Holding was laid in 1948 when the late Rauf Osman Karadeniz entered the trade of heavy industrial machinery and products.

For the last years Karadeniz Holding has been one of the most innovative companies leading the energy sector not only in Turkey but in the world, as well as having operations in the finance, real estate, and shipbuilding industries.

The company became a pioneer shortly after entering the energy sector in 1996, where it broke new ground with many awards and firsts in Turkey. It received the first wholesale electricity sales license, was the first company to export cross-border electricity and was the first private company to import electricity from Europe.

Today, with 250 MW installed capacity in Turkey, Karadeniz Holding continues its investments in thermal, geothermal and solar projects.

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Powerships
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Installed Capacity

Our Mission & Vision

Mission

We contribute to humanity and raise the standard of living with our "One World" philosophy. With our continuous growth approach, we maintain top notch efficiency and quality. Being a global actor with our pioneering and creative approach, we create added value to all our stakeholders.

Vision

In countries with energy needs, we become a solution partner with our innovative products. We use renewable energy sources effectively. Our goal is to reach 21,000 MW power and thus proudly represent Turkey's global power.

Trust

Transparency and sustainability are the bases of our relations with our solution partners, customers, and employees. Health, environment and work safety are top priorities.

Entrepreneurship

We have a pioneering, enterprising spirit with an openness to change the world. We have a long tradition of innovation and being the first in the field.

Team Spirit

We pay attention to our corporate strategy. With all our employees, we produce for one world. Our every achievement is a product of team work.

Orhan Remzi Karadeniz, CEO
Orhan Remzi Karadeniz
Chief Executive Officer

Leading With Purpose

“I thank all my colleagues for their support and efforts.”

As Karadeniz Holding, we continue to grow day by day with the power, experience and culture we have gained over the past 70 years. Since 1948 we are producing innovative business solutions. As a family business, it is not just a profit-making company; we aim to be a reliable business partner that cares about human beings and the environment. Our added value includes the new approaches we have been experiencing in our systems and processes that we have developed as far as we are physically growing.

Innovation, institutionalization, proactivity and technological developments in a changing world order are more prominent than ever. Consequently, we are leading and consolidating our position in the world energy market with our innovative products, our Powership fleet.

By providing economic and fast-track electricity we create business opportunities all over the world and play a very important role in the employment and economic development of countries. As of 2024, we are a family of 24 different nations in 18 different offices of the world.

Our responsibility is immense. We are working day and night with our “One World” philosophy to offer “more” to humanity without sacrificing our values. I would like to thank all my colleagues for their support and efforts.

Rauf Osman Karadeniz

Rauf Osman Karadeniz

Rauf Osman Karadeniz was born in Istanbul in 1922. He was known as an innovative, brave risk-taker with an economic vision that was far ahead of his time. He established Karadeniz Makine Ticaret in 1948.

At every opportunity, he would make the point that we all lived in “One World”. This was his vision of the world, which he defined as living and producing in the one and only world, in peace and unity, and with high moral and humane values.

He went out of his way to help people within his circles as well as those from far away in matters of health and education. He perceived this as a sacred priority that was as valuable as his business and family life.

Years of History

A legacy of firsts, from Turkey's energy market to global waters.

2024 – 2025
45 Karpowership: 8,000+ MW
2024-2025
2023 – 2024
New Frontiers
Guyana Project started
Gabon Project started
2023-2024
2021 – 2022
36 Completed Powerships: 6,000 MW
Senegal LNG-to-Power Project start
Powership first B2B project SLN – The start of New Caledonia Project
The start of the Powership Brazil Project
The start of the Powership Dominican Republic Project
The start of the Ivory Coast FSRU Project
2020
25 Completed Powerships: 4,100 MW
New Powership construction: 4,400 MW
Completion of the first FSRU
Start of the Powership Guinea Conakry Project
Senegal LNG-to-Power Project start
2020 FSRU
2019
22 Completed Powerships: 3,500 MW
New Powership Construction: 5,000 MW
Start of Guinea Bissau Powership Project
2nd Powership of Sierra Leone Project
Start of Senegal LNG to Power Project
2019
2018
15 Completed Powerships: 2,800 MW
New Powership Construction: 5,000 MW
Start of Gambia Powership Project
Start of Sierra Leone Powership Project
2018
2017
Solar Energy & 3,100 MW
The beginning of solar energy production
Total production capacity: 3,100 MW (including land-based power plants)
Fourth and third Powership to Indonesia
2017
2016
World’s Largest Powership
First Cross-Border power supply to Zambia via Mozambique
Introduced the World’s largest Powership of 470 MW
Second Powership to Indonesia
Umurlu Geothermal Plant extension from 12 MW to 24 MW
2016
2015
Indonesia & Geothermal
Beginning of Indonesia Powership Project
12 MW Umurlu Geothermal operational
2015
2014
Ghana Powership Project
Beginning of Ghana Powership Project
Total capacity reached 1,800 MW
2014
2013
First Powership to Lebanon
2013
2012
Umurlu Geothermal Project Started
2012
2010
First Powership to Iraq
The first private company engaged in electricity imports from Europe to Turkey
2010
2007
Launch of Powership Project
2007
2003
First Electricity Exports
The first private company engaged in electricity exports from Turkey
2003
1999
First Land-Based Power Plant
First land based power plant in Turkey
1999
1996
Entrance to Energy Market
1996
1948
Birth of Karadeniz Holding
1948

Board of Directors

Osman Murat Karadeniz
Osman Murat Karadeniz
Chairman
Orhan Remzi Karadeniz
Orhan Remzi Karadeniz
Vice Chairman
Nuri Doğan Karadeniz
Nuri Doğan Karadeniz
Vice Chairman
Zeynep Harezi
Zeynep Harezi
Board Member