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Vard lands $18.2m contract in India

Vard lands $18.2m contract in India
Vard Holdings’ subsidiary Vard Electro has landed a new contract valued at NOK150m ($18.2m) for the delivery of an equipment and electrical installation package to India’s Cochin Shipyard for a vessel under construction.

The contract includes engineering to support the shipyard in the approval process, delivery of a Vard SeaQ Electric Propulsion and Integrated Automation System (IAS) package, SeaQ Bridge systems, complete generator sets, and the complete electrical installation onboard the vessel.

Vard Electro’s subsidiary in Kochi, situated close to Cochin Shipyard, will provide engineering and installation services for the project.

The newbuilding is expected to become operational in 2018.

Peter Pilskog, vice president sales and marketing at Vard Electro, commented: “This contract shows that Vard’s know-how in electrical engineering and system integration is both sought after and competitive in the international marketplace.”