StockMarketWire.com - Cable-protection system provider Tekmar Group said it had signed a remedial contract worth around £3m for an existing UK offshore wind farm.

The company didn't name the wind farm or is operator.

The contract, involving replacement of subsea cables, would be executed over the next six months.

'This is an important project for the group,' chief executive James Ritchie said.

'It is Tekmar Energy's first significant contract for work which will be undertaken within the operational phase of a windfarm, rather than our usual build phase contracts.'

'It is also one of the biggest individual contracts Tekmar Energy has won this financial year and was secured through company synergies, product offering and flexibility.'


At 9:57am: [LON:TGP] Tekmar Group Plc Ord 1p share price was +10p at 110p



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