Wison, Shanghai Electric partner up on LNG power barge

Wison Offshore & Marine signed a memorandum of understanding on strategic cooperation with Shanghai Electric Power Generation Group on medium to large-scale floating LNG power generation barge.

The two companies aim to collaborate on product development, global marketing and technical services as well as the commercialization of this new electrification solution, Wison’s statement reads.

Based on the floating LNG storage regasification and power generation solution developed by Wison, both parties will join forces to build up capabilities throughout FSRP project.

The parties will focus on developing medium large-scale FSRP, and study the application of Shanghai Electric’s gas turbine technology and integrated generation set solution to the FSRPs, to enhance the product’s economy and reliability can be further enhanced.

While Wison already received Approval in Principle for its 50MW FSRP from Bureau Veritas in July, the agreement with Shanghai Electric Power Generation is a step towards a medium-large scale FSRP development.

Wison eyes FSRP as a critical extension of its LNG product portfolio, while Shanghai Electric is looking to accelerate the development of its gas turbine business.