Sep 05, 2008
M&R sees growth prospects in energy, particularly nuclearBack
Construction|Gold|Africa|Components|Contractor|Engineering|Eskom|Export|Fabrication|Flow|Gas|Modular|Nuclear|Power|PROJECT|Safety|Systems|Africa|Energy|Flow|Manufacturing|Oil And Gas|Systems|Infrastructure
© Reuse this Energy was a driver of opportunity for construction and engineering group Murray & Roberts (M&R), CEO Brian Bruce commented at a results presentation held in Johannesburg last week.
Bruce noted that it was expected that a number of new nuclear plants would be constructed globally over the next 50 years, with South Africa expected to be one of the largest users of nuclear energy in future.
The group, working in a joint venture (JV) with TSX-listed SNC-Lavalin, was already participating in the nuclear energy sector.
Last month, the JV was awarded the engineering, procurement and construction management contract for the pebble-bed modular reactor demonstration plant project at Koeberg, near Cape Town.
Further, Bruce expected State-owned power utility Eskom’s Nuclear 1 project to further benefit the group if it was “able to secure that project”.
Bruce explained that M&R would, from a contractor point of view, not participate in the international nuclear energy arena in the short term, with the “key issue” being South Africa’s energy requirements.
However, he noted, “the indigenisation of capacity around manufacturing would ultimately generate an export market”.
Bruce added that the South African Power Initiative and the Competitive Supplier Develop-ment Programme, aimed at the indigenisation of the fabrication and manufacture of key systems and components for the energy sector, were a further opportunity for growth.
Meanwhile, the group was also continuing to work on thermal energy power plants in South Africa, such as the Medupi and Kusile power plants.
Investment in commercially orientated infrastructure and energy systems in the Middle East was being driven by free cash flow from oil and gas revenues. This was another opportune market for M&R.
Further, the company held a 56% stake in Australian com- pany Clough, which focused on offshore and coastal upstream oil and gas infrastructure.
M&R expected to increase its share in Clough to 60% by December 2009 and expected the company to continue being successful in the liquefied natural gas market in Australia.
The company had an order book of A$1,2-billion as at June 30, 2008, compared with A$810-mil- lion in 2007.
Meanwhile, Bruce commented that the group “needs new impetus” in terms of improving its safety record, specifically in South Africa, where eight of its contract workers had died on May 1 at Gold Fields’ South Deep mine.
To watch a video in which Murray & Roberts CEO Brian Bruce discusses the opportunities in the nuclear energy sector, click here.
Edited by: Creamer Media Reporter© Reuse this
To subscribe email firstname.lastname@example.org or click here
To advertise email email@example.com or click here
Other News This Week News
Updated 47 minutes ago Telecommunications provider Vumatel has temporarily halted digging activity in Blairgowrie to secure cable locators that will assist the contractors in pinpointing the exact location of power utility City Power’s electricity cables. The area had been experiencing...
Updated 1 hour 15 minutes ago The Department of Cooperative Governance and Traditional Affairs (Cogta) in the Free State is confident there will be no electricity cuts in the province, despite municipalities owing Eskom R842-million. This after Eskom said if Free State municipalities did not...
Updated 1 hour 18 minutes ago Gibela CEO Marc Granger is positive the R51-billion deal that will see the Alstom-led consortium supply 600 new trains, up to 2027, to the Passenger Rail Agency of South Africa (PRASA), will move ahead swiftly this year. Up to the end of last year, Gibela awaited the...
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
This Week's Magazine
Power and automation company ABB is in the launch phase of its highest payload, multipurpose industrial robot, the IRB 8700. The robot has a reach of 3.5 m and can handle a payload of up to 800 kg. “When designing the IRB 8700, we emphasised reach and payload, as...
Identity and Access Management (IAM) is a critical facet of a connected security ecosystem, as controlling the confidentiality, integrity and authorisation of data access and use is key to securing new digital business channels. However, companies face several...
Data underpins digital business models, the digital economy, the Internet of Things and the fundamental changes in the ways people interact and protecting data is crucial to securing new ways of doing business, says T-Systems South Africa information and...
The City of Cape Town will issue a tender for the procurement of electric buses for its MyCiTi service, in line with the council’s commitment to lower its carbon footprint, says executive mayor Patricia de Lille. The tender, to be advertised early in February, will...
The iSimangaliso Wetland Park Authority signed a R10-million contract last month with local tailings storage facility specialists Cyclone Engineering Projects to remove about 100 000 m3 of dredge spoil obstructing the natural course of the uMfolozi river, in...