Chiyoda announced that it has been awarded the design development and engineering of a new floating, storage, re-gasification and power Generation (FSRP) facility by PNG's state-run Kumul Petroleum Holdings (KPHL).
The new FSRP facility will have the capacity to generate 75 MW of power to be exported to the local transmission grid, in addition to being able to load and store 140,000-CM of LNG which can be offloaded to small scale (SS) bulk cargo vessels for distributing to smaller local power generators. It is also capable to regasify and export gas via pipeline for local heavy industrial power generation.
The FSRP will be located in Lae, bringing much-needed power generation to the area which contains some of the country’s key resources projects. Lae is the second-largest city in Papua New Guinea, located on the northern coast of the island in the Morobe province.
“This project is an important step towards meeting the demand and supply requirement set out in the PNG 2030 Strategic Plan, which has set goals of connecting 70% of the PNG population to secure electricity by 2030. It will also provide PNG’s growing heavy industries with much needed environmentally cleaner and sustainable fuel options for their additional power generation requirements.”
Chiyoda said that it will provide KPHL with “a wealth of engineering expertise in partnership with Moss Maritime of Norway and Nippon Yusen Kaisha for the first of the contracts.”