Eversendai’s orderbook hits all time high of RM2.9b with 2 awards from Europe

01 Jun 2020 / 16:47 H.

PETALING JAYA: Eversendai Corp Bhd’s outstanding construction order book hit an all time high of RM2.88 billion with the award of two European offshore wind renewable energy projects, via its wholly-owned subsidiary, Eversendai Offshore.

It revealed the first project entails the fabrication and construction of an offshore wind substation platform, jacket and piles in the United Kingdom.

The other project is for the fabrication and construction of jacket & piles for the Hollandse Kust Zuid (HKZ) Beta offshore wind substation platform for TenneT in the Netherlands.

Eversendai Offshore’s CEO Narish Nathan commented that the awards mark the group’s continued expansion in the offshore wind renewable energy sector; a market that it recognises as vital for the world’s future clean energy needs.

““This diversification into the offshore wind renewable energy sector continues to promote our diversification efforts of growing our business into industries that leverages on our fabrication facilities and core expertise in engineering, fabrication and construction”, he said in a press release.

Both contracts were awarded by Petrofac Ltd with a total contract value of RM186 million and will be executed in its waterfront fabrication yard in RAK Maritime City, United Arab Emirates.

It elaborated that the scope of the contract in the UK includes engineering, fabrication, construction, sea- fastening and loadout of the offshore substation platform topside, jacket and piles as well as pre-commissioning of the substation platform topside.

Eversendai said the substation will have the highest capacity in the world, and is expected to generate clean energy that will be enough to power approximately one million homes in that region.

On the other hand, its work scope for the HKZ Beta project includes engineering, fabrication, construction, sea-fastening and loadout of the jacket & piles.

The group expects the offshore wind renewable energy projects to be a substantial contributor to its revenue and profits moving forward and these newly secured projects will further add value to the Eversendai’s track record for future projects which are currently being bid.

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