Boskalis subsidiary VBMS awarded Borssele Alpha export cabling contract
November 08 2016 - 8:45AM
Papendrecht, 8 November 2016
Royal Boskalis Westminster N.V. (Boskalis)
announces that its subsidiary VBMS in consortium with NKT Cables
has been awarded the Borssele Alpha contract by TenneT for the
installation of two export cables that will connect the Borssele
offshore wind farms 1 and 2 to TenneT's onshore grid in the
Netherlands. The contract value of Boskalis' share is approximately
EUR 70 million. Separately, the option has been awarded for the
installation of the export cables that will connect the Borssele
offshore wind farms 3 and 4 to the Dutch onshore grid (Borssele
Beta), subject to financial close.
The grid connection of the Borssele offshore wind
area in the North Sea consists of two 700 MW connections, called
Alpha (for Borssele 1 and 2) and Beta (for Borssele 3 and 4). The
contract for the Alpha export cabling scope entails the supply and
installation of two 61-kilometer-long export cables. The cables
will be routed via the Western Skeldt estuary and will come ashore
near the existing high-voltage substation at Borssele, the
Netherlands.
In order to execute the project in a safe and
efficient manner, Boskalis has taken full advantage of the
expertise and capabilities within the group. To minimize
maintenance to the cables during their operational lifetime,
Boskalis will pre-sweep and dredge the shallow parts of the route,
which will enable VBMS to simultaneously lay and bury the export
cables at the required depth.
The project is scheduled to be carried out in the period
2018-2019.
Boskalis' strategy is aimed at benefitting from
key macro-economic factors which drive worldwide demand in our
markets: expansion of the global economy, increase in energy
consumption, global population growth and the challenges that go
hand in hand with climate change. This project is closely related
to the development of generating renewable energy due to climate
change and increasing energy consumption.
For further information
Investor relations:
Martijn L.D. Schuttevâer
ir@boskalis.com
Press:
Arno Schikker
press@boskalis.com
T +31 78 6969310
Royal Boskalis
Westminster N.V. is a leading global services provider operating in
the dredging, maritime infrastructure and maritime services
sectors. The company provides creative and innovative all-round
solutions to infrastructural challenges in the maritime, coastal
and delta regions of the world with services including the
construction and maintenance of ports and waterways, land
reclamation, coastal defense and riverbank protection. In addition,
Boskalis offers a wide variety of marine services and contracting
for the oil and gas sector and offshore wind industry as well as
salvage solutions (SMIT Salvage). Furthermore, Boskalis has a
number of strategic partnerships in harbour towage and terminal
services (KOTUG SMIT Towage, Keppel Smit Towage, Saam Smit Towage
and Smit Lamnalco). With a versatile fleet of 1,000 units Boskalis
operates in around 75 countries across six continents. Boskalis has
over 8,200 employees, excluding its share in
partnerships.
This press release can also be found on our
website www.boskalis.com.
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Koninklijke Boskalis Westminster N.V. via
Globenewswire
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