Power Generating Technology News

10 Dec 2013

Development Agreement Reached for Mobile Powership

Computer Generated Image of the Mobile Powership

Polaris Shipping Co., Ltd., Korea Midland Power Co., Ltd., Hyundai Heavy Industries Co., Ltd., and Siemens Energy Solutions Ltd. signed a Memorandum of Understanding at COEX Intercontinental Hotel in Seoul on December 10, 2013 to develop Mobile Powership, an integration of shipbuilding and power generating technology in which a highly efficient power generating facility will be installed onto a FSRU (Floating Storage Regasification Unit) for the very first time in the world. It is expected that Mobile Powership will commence its operation in December 2017 with total investment of $940 Million.