Edda Wind and Colombo Dockyard in Sri Lanka have agreed the cancellation of contracts for the construction and delivery of two commissioning service operation vessels
In a 28 July 2022 statement, Edda Wind said it has not paid any pre-delivery installments to Colombo Dockyard and only incurred minor costs in relation to the projects.
Under the cancellation agreements Edda Wind will receive compensation.
The terms and conditions of the cancellation agreements are confidential.
Edda Wind chief executive Kenneth Walland said, “Adverse developments in Sri Lanka, which have become detrimental to its population, as well as to the business and financial sectors, has unfortunately led to a situation whereby Colombo Dockyard is unable to fulfill the contracts and cancellation agreements have been reached.
“However, Edda Wind’s growth ambition remains unchanged and we are evaluating alternatives for future fleet expansion.”
