Offshore staff
KUALA LUMPUR, Malaysia – Sapura Energy has issued a termination notice to Yunneng Wind Power concerning a contract for the transportation and installation of monopiles at the Yunlin wind farm offshore Taiwan.
The group’s subsidiary Sapura Offshore Sdn Bhd was awarded the contract in March 2019.
“Negotiations with Yunneng to remedy the breach began in November last year,” said Sapura Energy Group CEO Datuk Anuar Taib. “Since we exhausted all avenues for an amicable solution, we made the tough decision to terminate the contract in the best interest of the group.”
According to Sapura, completion of the project, initially expected to be in September 2020, was then delayed to September 2023 due to technical and operational issues outside the company’s responsibility, significantly altering the basis of the contract.
Following the termination notice, Sapura plans to pursue its claims via the dispute resolution process prescribed in the contract (via the German Institution of Arbitration in Bremen, Germany).
02/11/2022
