http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.70Change: 0.00
R/$ = 10.96Change: 0.06
Au 1198.55 $/ozChange: 0.39
Pt 1224.50 $/ozChange: 1.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 18, 2012

Lesedi Nuclear Services reveals new industrial shareholders

Back
Construction|Engineering|Areva|Eskom|Five|Industrial|J&J Group|Lesedi Nuclear Services|Nuclear|Turbines|Energy|Nuclear|Services|David Johnson|Eric McDonald|Francis Carruthers|Power|Turbines|Willie Zeelie
Construction|Engineering|Eskom|Industrial|Nuclear|Turbines|Energy|Nuclear|Services|Power|Turbines|
construction|engineering|areva|eskom|five|industrial|jj-group|lesedi-nuclear-services|nuclear-company|turbines-company|energy|nuclear-industry-term|services|david-johnson|eric-mcdonald|francis-carruthers|power|turbines-person|willie-zeelie
© Reuse this



Engineering company Lesedi Nuclear Services, a subsidiary of Areva, has introduced Group Five and J&J Group as new shareholders, cofounder and CEO Francis Carruthers announced on Monday.

Areva would retain control of the nuclear side of the business despite the restructured shareholding.

The introduction of new shareholders, following the retirement of one of the cofounders, Eric McDonald, would expand Lesedi’s African capacity and competence, Carruthers stated.

“This process is also set to secure our future as a significant South African player in the nuclear and non-nuclear sectors. Our partnership with Areva, who remains a major shareholder, has played an important role in developing our sustainable but dynamic organisation. Together with our new partners, we are now well positioned to continue supporting Eskom in all of its future developments, armed with enhanced levels of local content in our delivery,” he added.

Group Five’s executive director for engineering and construction, Willie Zeelie said that it had been the company’s aim for a number of years to grow capacity and enter the nuclear energy space. “This new partnership is our first step in this direction.”

J&J Group chief investment officer David Johnson said that the company was excited about the contribution that it would make to grow skills in the nuclear and non-nuclear energy sectors. “In the end, this partnership will be a win-win situation for all involved, including our country.”

Lesedi has grown organically over the last five years from its core focus of localising Areva’s activities of plant upgrades and refueling outage services at Koeberg nuclear power station, to constructing Eskom’s new power plants, 14 gas turbines at Gourikwa and Ankerlig power stations and current engineering, procurement and construction for the balance of plant at Medupi and Kusile power stations.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Electricity News
Professor Anton Eberhard
Updated 1 hour 46 minutes ago The Department of Energy (DoE) confirmed on Wednesday that the second nuclear vendor parade workshop, which took place at a venue in the Drakensberg, had been concluded with delegations from China, France, South Korea and the US. The first such workshop, which was...
Eskom capital division group executive Dan Marokane
Electricity utility Eskom says it and Anglo American have concluded a memorandum of understanding (MoU) that maps out the process to be followed to enable the parties to conclude a final coal-supply contract for the Kusile power station, which is currently being...
Article contains comments
Medupi project site
Electricity utility Eskom has confirmed a likely further, albeit modest, slippage in the schedule for first synchronisation of Medupi Unit 6, which was scheduled for December 24, 2014. The delay is the latest in several to afflict the project, which has faced...
Article contains comments
Article contains comments
More
 
 
Latest News
Updated 1 minute ago A Spoor & Fisher partner on Wednesday called on the Department of Trade and Industry (DTI) to finalise its proposed policy for Intellectual Property (IP). The policy, which had not been drafted in consultation with IP law experts, was published in September 2013,...
Auditor-General Kimi Makwetu
Updated 11 minutes ago Auditor-General Kimi Makwetu has called on all government leaders to play a crucial role in ensuring that government departments and entities improve their audit outcomes. He has raised concerns over irregular expenditure, non-compliance with legislation, auditees...
Updated 27 minutes ago The Somalia Stock Exchange expects seven companies in the telecoms, financial services and transport sectors to list their shares when the bourse is set up in 2015, its founder said. Somalia's economy is slowly recovering from more than two decades of conflict,...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
JAMES ROBERTS The MOM incubator was designed to help babies in developing nations who were dying in conflict-struck nations or who do not receive hospital care
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks