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Foresight Solar’s Australian subcontractor in administration

Foresight Solar's Australian subcontractor in administration

Foresight Solar’s Australian subcontractor in administration – RCR Tomlinson Limited was contracted by Foresight Solar to provide Engineering Procurement and Construction (“EPC”) and Operations and Maintenance (“O&M”) services to its Longreach and Oakey 1 assets, both located in Queensland, Australia. RCR Tomlinson made an announcement to the Australian Securities Exchange on 22 November 2018 which said that administrators had been appointed to the company.

RCR Tomlinson is a diversified engineering and infrastructure company providing intelligent engineering solutions to the infrastructure, energy and resources sectors. [QD comment: the collapse of RCR Tomlinson seems to have come as a bolt from the blue. The company was awarded a contract for a rail project in Auckland as recently as 11 October. The problem seems to have been that it underbid to win work – over the year to the end of June 2018 it recorded record revenues but made a loss. At the end of October it said it had recently experienced some delays and labour productivity issues in completion phases on some of its solar projects.]

The net installed capacity of the Longreach and Oakey projects is 23MW, representing 2.9 per cent of the company’s total 788MW portfolio. Foresight Solar says it has implemented its contingency planning arrangements and although some delays in the final commissioning of Oakey 1 are expected, the financial impact of RCR Tomlinson’s administration is expected to be minimal.

FSFL : Foresight Solar’s Australian subcontractor in administration

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