Ezion subsidiary wins contract worth US$83.4 mil from Foxwell Energy Corp

Ezion’s wholly-owned subsidiary, Teras Offshore (TOPL), has been awarded a contract worth US$83.4 million ($111.4 million) by Foxwell Energy Corp for the transportation and installation of 31 9.5MW offshore wind turbines.

Foxwell is an affiliate company of Shinfox Corp, which had won the tender from Taiwan Power Co to develop the Taiwanese state-run utility’s phase II offshore wind farm for a total contract size of US$2.11 billion.