Chinese Wison Develops its Version of Floating LNG Power Plant

Aiming to capitalise on the growing popularity of floating power supply solutions, Chinese engineering firm Wison Offshore & Marine has developed its own version of a floating LNG power plant.

Named W-FSRP series, the plant features integrated functions of LNG loading and storage facilities, regasification and power generation. The smallest unit starts at 10-MW capacity, while the largest accommodates an 800-MW power plant.

“As global awareness on environmental change increases, countries are looking for ways to improve their energy mix and reduce environmental footprint. Characteristic of clean resource with less carbon emission, LNG has been selected as the fuel source in Wison’s designs. Alternative fuel options are also available as required,” the company said January 4.

Floating power supply is gaining wider acceptance, especially in developing countries, as it offers advantage of fast-track implementation and attractive pricing with flexibility compared with plants onshore. It is also an investment-friendly solution because it minimises the land acquisition process and requires less engineering works.

“We can see increasing demand from the regions in southeast Asia, west Africa, Caribbean areas, the west coast of India etc, where electricity demand is growing and land-based solutions may not be commercially feasible or preferable,” said the CEO of Wison Offshore & Marine, Ying Cui.

Shardul Sharma