SEOUL – A consortium led by Hyundai Heavy Industries Co. said Tuesday that it will develop a power-generating ship that has fuel storage facilities on board as well.
Hyundai Heavy, the world’s largest shipbuilder, said the consortium would spend 989 billion won (US$939 million) in developing the ship with a power generation capacity of 880 MW by the end of 2017.
According to the shipbuilder, it will use its own floating storage and regasification-related technology for the construction of the ship whose operations are expected to begin around 2018.
The new type of ship could eliminate the need to build a power plant on land and use existing power transmission facilities.
Hyundai Heavy said the power-generating ship could be exported to nations that suffer power shortages such as Indonesia.’