PETALING JAYA: Eversendai Corp Bhd
’s unit Eversendai Offshore has commenced fabrication work for the LanWin2 large offshore converter platform project for Germany’s renewable energy grid, which it secured earlier from Spain’s Dragados Offshore.
Eversendai Offshore, together with TenneT, the transmission system operator for the Netherlands and a significant part of Germany, Dragados Offshore and Siemens Energy celebrated LanWin2’s first-steel cutting ceremony at Eversendai’s waterfront facility in Ras Al Khaimah, United Arab Emirates on Sept 18.
The event marks the commencement of steel block manufacturing as part of Germany’s renewable energy transition, Eversendai said in statement.
The contract was announced earlier this year.
The structural steel specialist reiterated in the statement that the scope of the contract includes procurement, engineering, fabrication, construction, painting and loadout of blocks for 2GW offshore converter platforms for TenneT.
“Eversendai is committed to delivering the project with high standards of quality and safety, and further enhance its participation in the offshore wind renewable energy sector in the future,” the company said.
For its second quarter ended June 30, Eversendai’s net profit jumped to RM12.16mil from RM371,000 in the previous corresponding period, while revenue grew to RM550.59mil from RM275.51mil previously.
In a filing on its financial performance, the company said the increase in profit was mainly due to a reduction in finance costs in the current quarter.
On its prospects, Eversendai said it is optimistic of its ability to achieve improved financial performance progressively.
“With the group’s current order book of RM5.7bil and continuous reorganisation of resources with a strong focus on optimisation of costs and improving efficiency in its operations, the group believes that recovery is in motion.
“In Saudi Arabia, the Trojena Ski Village and Qiddiya Speed Park projects, the DLF Taramani project in India, and all projects in South-East Asia are progressing well.”
Eversendai added that the fabrication tonnage requirements from the ongoing projects are enabling all its fabrication facilities to operate at optimal capacity. — Agencies
