Classification society DNV GL has awarded Kawasaki Heavy Industries (KHI) an Approval in Principle (AIP) for their LNG floating power plant (LFPP). The LFPP is a decentralized energy generation solution that enables locations to tap into natural gas as part of their power mix.
The LFPP concept has been developed based on KHI’s experience with onshore LNG receiving terminals and LNG containment systems. After carrying out both a hazard identification (HAZID) study and a review of the design according to its rules, DNV GL has been able to issue an Approval in Principle for the concept.
An Approval in Principle is an independent assessment of a concept within an agreed framework, confirming that the design is feasible and no significant obstacles exist to prevent the concept from being realized. The AIP is typically carried out at an early stage of a project to confirm its feasibility towards the project team itself, company management, external investors or future regulators.