Chinese Wison, Shanghai Electric Sign Gas to Power MoU

Chinese Wison Offshore & Marine has signed a memorandum of understanding on strategic co-operation with Shanghai Electric Power Generation Group, it said November 17. The two companies will work together 0n a medium to large-scale floating LNG power generation barge, with regards to its product development, global marketing and technical services.

Based on the floating lng storage regasification and power generation (FSRP) solution developed by Wison, both parties will work to build up capabilities throughout FSRP project life cycle from product development, marketing, project financing, facility construction, to operation and maintenance, with a view to accelerate commercialisation of this solution in global market, Wison stated.

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, such that the product’s economy and reliability can be further enhanced.

Wison has already received approval in principle for its 50-MW FSRP from Bureau Veritas in July.

Alongside gas-fired power, Wison and Shanghai Electric will also launch discussions on coordinating efforts to develop deep water wind power technologies.

Shardul Sharma