MoU signed for mobile powership

11 Dec 2013
The Mobile Powership should commence operation in December 2017

The Mobile Powership should commence operation in December 2017

Four big industry players have signed a Memorandum of Understanding (MoU) to develop a highly efficient power generating facility installed onto a Floating Storage Regasification Unit (FSRU) being called an industry first.

Polaris Shipping Co Ltd, Korea Midland Power Co Ltd, Hyundai Heavy Industries and Siemens Energy Solutions Ltd, partners in the project, say that the “Mobile Powership”, which will take a total investment of US$940m, should commence operation in December 2017.

“This Powership integrates the LNG FSRU, the model first designed and built by Hyundai, with the top-of-the-line combined cycle unit in the capacity of 880 MW, which will give birth to an innovative naval architecture through combination of shipbuilding and plant engineering. We plan to target overseas newbuilding market upon successful launch of the project,” said a spokesperson from Hyundai Heavy Industries.

The companies say that when compared to building a power plant on land, the model will substantially reduce civil complaints as it will not require a large area of land. In addition, due to systemised and skillful shipbuilding process, the construction period will be shortened. In terms of power transmission, the Mobile Powership will utilise existing cables leading to significant cost savings.

The aim is to pilot the project in Korea and then if it’s successful, roll it out to the Philippines, Indonesia, Brazil and other countries where power shortage has become a critical issue.

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