Eskom contractor applies for rescue

2013-07-09 11:51

Cosira, a contractor involved in Eskom’s Kusile power station project, has applied for business rescue.

Cosira director Andris Bertulis said on the company’s website last week that the board had voluntarily begun business rescue proceedings, financial daily Business Day reported today.

The company is one of South Africa’s larger privately owned structural steel companies.

According to the report, Cosira’s holding company, First Tech, had not responded to questions by the newspaper about the progress and details of the business rescue, nor its effect on the timing of Kusile’s commissioning.

Cosira was part of a joint venture with French multinational, Alstom, in the construction of a steam turbine hall for the power station in Mpumalanga.

Eskom referred all Business Day’s questions to Alstom. The company had not responded to questions.

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