Page 12: of Maritime Reporter Magazine (December 1973)

Ichiro Onozuka

Named President Of

Hitachi Zosen Affiliate

Ichiro Onozuka

Ichiro Onozuka, executive vice president of Hitachi Zosen, was ap- pointed president of Toyo Ocean

Development & Engineering Co.,

Ltd., one of Hitachi Zosen's affili- ated companies. This assignment was made as part of the company's reorganization and personnel changes to broaden the business activities of Toyo Ocean Develop- ment & Engineering Co., Ltd.

The Toyo Ocean Development & Engineering Co., Ltd. was estab- lished by Hitachi Zosen on April 1, 1971, with a capital investment of about $25 million. The company was set up to sell and rent plants, machinery and installations for ocean development. Other business operations include planning, design, installation and operation of ocean recreation facilities, as well as re- search and development in ocean development technology.

The Toyo Ocean Development & Engineering Co., Ltd. also car- ries out ocean exploration projects and provides information services for ocean development and related fields.

PSEG Of New Jersey

To Buy Nuclear Plants

From Offshore Power

Offshore Power Systems, Jack- sonville, Fla., has announced that

Public Service Electric and Gas

Company (PSEG) of New Jersey, exercising its option, has agreed to purchase two additional floating nuclear plants for operation in 1985 and 1986 at a site still to be deter- mined.

This brings the total number of floating nuclear plants under con- tract to Public Service to four. The original two, which had been con- tracted for in September 1972, will be sited 2.8 miles off Little Egg

Harbor, N.J., in 1979 and 1980.

Each unit is an 1150-megawatt plant, representing a total of 4600 megawatts of new power genera- tion for the densely populated New

Jersey area.

In making the announcement,

J.R. Stadelman, vice president, Off- shore Power Systems, stated that the purchase by PSEG is a "posi- tive step toward alleviating the en- ergy crisis in New Jersey, as well as a timely one in view of the foreign fuel import situation. Pow- er generation from each 1150-mega- watt floating nuclear plant will re- duce the need for oil by one million •barrels per month, releasing the scarce fuel oil for other needed pur- poses, as well as improving the nation's balance of payments."

Offshore Power Systems, a

Westinghouse-Tenneco enterprise, has a backlog of eight units under commitment, representing a total of approximately $3 billion in sales.

In addition to the four units un- der contract to Public Service, Off- shore Power Systems received in

July a letter of intent for two float- ing nuclear plants from Middle

South Utilities, Inc., to be sited in south Louisiana, with operation scheduled for 1982 and 1984.

In October, the Jacksonville

Electric Authority signed a letter of intent for two units to 'be deliv- ered for operation somewhere off the northeast Florida Coast in 1982 and 1984.

Earlier this year, Offshore Pow- er Systems applied to the Atomic

Energy Commission for licensing of eight essentially identical float- ing nuclear plants that will be pro- duced on an assembly-line basis at its manufacturing facility on

Blount Island in Jacksonville. On

June 8, the ABC accepted the ap- plication from Offshore Power Sys- tems for official review. Approval is expected some time early in 1975, the same year in which the manu- facturing facility will 'be completed.

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SR-130 16 Maritime Reporter/Engineering News