UAE Lamprell signs large contract with Scotland’s Moray West wind project

UAE Lamprell signs large contract with Scotland’s Moray West wind project

UAE-based energy services provider and oil rig builder Lamprell Plc, which had earlier this year signed a reservation agreement for the Moray West offshore wind farm project in Scotland, confirmed signing a "very large contract" for various works on the project.

In a disclosure on the London Stock Exchange (LSE) where it is listed, Lamprell said the scope of work includes the construction of 60 wind turbine generator parts, as well as for the shipping of parts to UK.

To complete these works, the Group will make use of a state-of-the-art renewables production line, which is currently under construction.

Lamprell didn't disclose a value for the contract, but by its own recently revised definitions of contract values, a "very large contract" amounts to over $200 million.

Thunderball Investments Ltd., a consortium, owned by Blofeld Investment Management Ltd and AlGihaz Holding Closed Joint-Stock Company, last month took over the Sharjah-based firm.

(Reporting by Brinda Darasha; editing by Seban Scaria)

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