Energy & power plants · 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 & power plants

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, tax, or investment advice — and not authorization for any transaction. U.S. sanctions (the Cuban Assets Control Regulations, 31 CFR Part 515) heavily restrict — and in most cases prohibit — dealings between U.S. persons and Cuba, including any form of investment or equity in a Cuban business. The rules are complex, fact-specific, and change; nothing on this site is a determination that any transaction is lawful. Structure anything Cuba-facing only with qualified OFAC sanctions counsel, and screen every party (names, entities, wallets) with QvaPay Sentinel.

Primary sources: OFAC Cuba Sanctions · 31 CFR Part 515 (CACR) · OFAC Cuba FAQs · Cuba Restricted List