Bloomberg News

Dubai Drydocks World Wins Aibel Deal for Wind Power Platform

January 12, 2012

(Adds executive comment in fourth, fifth paragraphs)

Jan. 12 (Bloomberg) -- Drydocks World LLC, the ship-repair unit of state-controlled Dubai World, won a contract from Norway’s Aibel AS to build the world’s biggest offshore power converter platform for wind power.

Drydocks World will build the facility, which will receive electricity from wind farms, in Dubai for the DolWin wind farm cluster near Dollart in the German sector of the North Sea, the company said in a statement distributed at a news conference today. It didn’t disclose the value of the deal.

The company will begin building the platform in July and expects to complete it next year before shipping it to Aibel’s yard in Haugesund, Norway for outfitting and installation at its North Sea site in the summer of 2014.

The converter platform, which will use 20,000 tons of steel and convert alternating power into direct current, will be the largest such facility ever built, Aibel President and Chief Executive Officer Jan Skogseth told reporters in Dubai. The platform will be 92.3 meters long and 72.8 meters wide.

Drydocks World, which is in talks with banks to delay payments on $2.2 billion of debt, will need to increase staff by 10 percent to build the platform, Chairman Khamis Juma Buamin said at the conference.

--Editors: Daliah Merzaban, Claudia Maedler

To contact the reporter on this story: Arif Sharif in Dubai at asharif2@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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