![Turkish Foreign Minister Mevlut Cavusoglu (C) poses for a photo as he attends the Technical Cooperation Agreement Signing Ceremony between the Turkish Government and Japanese Government at the Foreign Ministry Building in Ankara, Turkey on October 13, 2020 [Fatih Aktaş/Anadolu Agency]](https://i0.wp.com/d2.middleeastmonitor.com/wp-content/uploads/2020/10/20201013_2_44806157_58852362.jpg?fit=920%2C596&ssl=1)
Turkish and Japanese floating energy unit has secured financing from the Japan Bank for International Cooperation (JBIC) and MUFG Bank, Ltd., to finance a floating storage and regasification unit (FSRU) in Senegal, local Turkish media reports.
According to Turkish media, the loan agreement was signed between two sides for an amount of up to $71 million.
With more than 25 years of experience, Turkish company, Karpowership, has a fleet of 36 power ships operating on four continents with a capacity of 6 gigawatts, the report added.
The floating energy units can connect directly to a country’s electricity grid, leveraging existing infrastructure.