http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.07Change: 0.09
R/$ = 11.55Change: 0.03
Au 1256.20 $/ozChange: -29.75
Pt 1220.50 $/ozChange: -39.00
 
 
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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 05, 2008

M&R sees growth prospects in energy, particularly nuclear

Back
Cape Town|Construction|Engineering|Gold|Johannesburg|Africa|Clough|Components|Eskom|Flow|Murray & Roberts|Nuclear|PROJECT|Safety|Systems|Africa|Australia|South Africa|AUD|USD|Energy|Flow|Manufacturing|Nuclear|Nuclear Energy|Nuclear Energy Arena|Nuclear Energy Sector|Oil And Gas|Systems|Brian Bruce|Bruce|Fabrication|Infrastructure|Power|Middle East
Construction|Engineering|Gold||Africa|Components|Eskom|Flow|Nuclear|PROJECT|Safety|Systems|Africa|||Energy|Flow|Manufacturing|Nuclear|Oil And Gas|Systems|Fabrication|Infrastructure|Power|
cape-town|construction|engineering|gold|johannesburg|africa-company|clough|components|eskom|flow-company|murray-roberts|nuclear-company|project|safety|systems-company|africa|australia-country|south-africa|aud|usd|energy|flow-industry-term|manufacturing|nuclear-industry-term|nuclear-energy|nuclear-energy-arena|nuclear-energy-sector|oil-and-gas|systems|brian-bruce|bruce|fabrication|infrastructure|power|middle-east
© 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.



Nuclear energy, in particular, would be a focus area for the group going forward, as nuclear was expected to become a primary source of power in South Africa and in the rest of the world.

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 Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other News This Week News
Article contains comments
The world’s two dominant commercial aircraft manufacturers, Airbus of Europe and Boeing of the US, both recently announced that they had made record aircraft deliveries in 2014. Boeing set a global record for the industry with 723 commercial aircraft delivered, while...
The Western Cape is shifting further into the renewable-energy space with the official opening of a factory specialising in solar inverters, a key component of solar photovoltaic (PV) plants. The investment in the manufacturing facility in Cape Town aims to boost the...
More
 
 
Latest News
Updated 3 hours ago Foreign direct investment (FDI) inflows to Africa fell by 3% to around $55-billion in 2014, amid an 8% fall in global inflows to an estimated $1.26-trillion, from $1.36-trillion in 2013. In its Global Investment Trends Monitor, the United Nations Conference on Trade...
Updated 5 hours ago A trading demonstration has showcased the applicability, functionality, utility and readiness of the well-established, commercial and financial electronic infrastructure provided by private-sector commodity registry Silocerts and the JSE as a potential platform for...
Updated 5 hours ago While South African consumers will get a reprieve on the back of a lower oil price, all the potential benefits could be overshadowed by the nation’s ongoing electricity shortages. A surprise cut to below $50/bl for crude oil would soften the blow of rising costs on...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
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.
 
 
 
 
 
This Week's Magazine
BRUCE BRADFORD The 3D printers have a clear upgrade path to eventually print in wood, ceramics and metal-alloys
Three-dimensional (3D) printers being sold in South Africa by electronics distributor Rectron currently print in two types of plastic, but have a clear upgrade path over the next five years to eventually print in wood, ceramics and metal-alloy materials, says Rectron...
The world’s two dominant commercial aircraft manufacturers, Airbus of Europe and Boeing of the US, both recently announced that they had made record aircraft deliveries in 2014. Boeing set a global record for the industry with 723 commercial aircraft delivered, while...
The Western Cape is shifting further into the renewable-energy space with the official opening of a factory specialising in solar inverters, a key component of solar photovoltaic (PV) plants. The investment in the manufacturing facility in Cape Town aims to boost the...
Business Leadership South Africa (BLSA) last month welcomed Cabinet’s establishment of a technical team war room to undertake various interventions to improve electricity supply security over the short- and medium-term, but added that the private sector also had a...
Despite a rapid rise in mobile connections and the economic and social benefits of such connectivity, more than half of the world ended 2014 unconnected. For this reason, industry commentators believe the biggest impact of mobile technology is still to come –...
 
 
 
 
 
 
 
 
 
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