Left to right: Chung-Sik Hong, Business Development Manager Korea, Marine & Offshore, Lloyd’s Register and Young-jun Nam, Senior Vice President, Initial Design Office, Shipbuilding Division, Hyundai Heavy Industries

LR and Hyundai Heavy Industries (HHI have signed a joint development project (JDP) to commence an approval in principal (AiP) for a barge mounted power plant, Hi-Floating Power™.

Hi-Floating Power™ is HHI’s floating power plant solution capable of generating maximum power of 221MW by running 13 units of HiMSEN dual fuel engines, upgradeable up to 400MW through the addition of extra HiMSEN dual fuel engines.

The design of the Hi-Floating Power™ combines HHI’s shipbuilding expertise with advanced engine engineering and manufacturing capabilities. By separating duel fuel engines into two independent compartments it provides more reliable operation, even in the case of emergencies such as fire and/or shut-down of either compartment.

Hi-Floating Power™ can produce power with barge-mounted generators using natural gas sent out from adjacent LNG FSRUs via jetty or marine gas oil stowed on board as a back-up fuel. By removing the need for LNG storage and regasification facilities onboard, design and build time is shortened with simpler configuration and improved safety features.

The mobility feature allowing the generation of electricity in collaboration with LNG FSRU only when needed and being independently stationed when not in operation, brings increased economic solutions to operators. The three different types of 4-stroke dual fuel engines model of Hi-Floating Power™, which can be selected as per the client's preference, will allow operators to enjoy operational flexibility as well.

Mr Chang, Executive Vice President of HHI said, “Since we have been given a list of inquiries of much more economical and flexible floating power generating plants from the market, we come to conclusion that there will surely be demand for the new concept of floating power plant. And that’s the rationale behind the JDP signed by HHI and Lloyd’s Register today. We do believe the JDP will bring a win-win solution for both companies and will surely lay a solid foundation for the era of new floating power generating plants.”

In response, Jin-Tae Lee, Korea Chief Representative & Marine Manager, Lloyd’s Register, said “We are very pleased to be able to work with HHI on Hi-Floating Power™. Gastech is the perfect platform to be able to announce the commencement of the approval in principle and we look forward to supporting HHI in this process”.

About Lloyd’s Register
Lloyd’s Register (LR) is a global engineering, technical and business services organisation wholly owned by the Lloyd’s Register Foundation, a UK charity dedicated to research and education in science and engineering. Founded in 1760 as a marine classification society, LR now operates across many industry sectors, with some 8,000 employees in 78 countries.

LR has a long-standing reputation for integrity, impartiality and technical excellence. Its compliance, risk and technical consultancy services give clients confidence that their assets and businesses are safe, sustainable and dependable. Through its global technology centres and research network, LR is at the forefront of understanding the application of new science and technology to future-proof its clients’ businesses. www.lr.org

About Hyundai Heavy Industries
In an effort to improve management efficiency and sharpen its core competitiveness, Hyundai Heavy Industries (HHI) Group, the world’s biggest shipbuilder and a leading integrated heavy industries group is recently spun off into four independent companies; Hyundai Heavy Industries, Hyundai Electric & Energy Systems, Hyundai Construction Equipment and Hyundai Robotics.

The new Hyundai Heavy Industries now with Shipbuilding, Offshore & Engineering, and Engine & Machinery Division has delivered more than 2,000 plus quality ships to 305 ship owners in 51 countries since its foundation in 1972. HHI is continually enhancing its leadership position in the world shipbuilding industry, in collaboration with its affiliated shipbuilding companies Hyundai Mipo Dockyard and Hyundai Samho Industries. Moving forward, HHI will continue to strengthen its global standing as the world’s leading heavy industries company by providing total ship and marine solutions for its valued clients across a diverse selection of industries. For more information, please visit www.hyundaiheavy.com