RCR rincon resources limited

Ann: Trading Halt, page-29

  1. 20,810 Posts.
    lightbulb Created with Sketch. 4530
    So the big boys are the client?
    Main Roads contracts assigned to low margin bidders just ends up with egg on the faces of the departments - stop works, people out of work , industrial action and bad press . Then another Government deoartment organises a Review.

    With the solar farms:
    https://**promotion blocked**/tech/rcr-sacks-115-sparkies-as-another-solar-project-face-plants/amp/ (October 23)
    “It’s understood engineering company RCR Tomlinson has sacked some 115 electricians working on a 110-megawatt solar farm in Wemen.
    The Electrical Trades Union claims RCR (ASX:RCR) “locked up their bus and left the workers stranded 100km from the nearest town”........
    .......
    ....Gridlocked
    “Byond RCR’s current problems, companies engaged in solar engineering, procurement and construction (or “EPC”. )have faced issues around grid connection standards and Chinese manufacturing.

    Green Energy Markets director Tristan Edis says developers and EPC companies have been falling foul of the energy market operator’s interpretation of what is needed in order to connect to the grid.

    The term “fragile” transmission lines became a political go-to line in October, meaning grids that are unable to cope with large amounts of intermittent energy from wind and solar farms.

    As a result the market operator AEMO requires developers to add extra equipment to strengthen the grid if they are connecting in a ‘weak’ area.

    Mr Edis says this has caused delays for a “large proportion” of projects that have been committed for construction in the last 12-18 months — and if the AEMO decision on what is needed after the project has been funded, that can cause significant cost overruns and wipe out margins.”.

    I don’t know but it feels like there is enough chaos and anger out there for people to realise when they put out their tenders to realise cheapest doesn’t mean best.

    Bad publicity is not good eg it seems to be one of the reasons RCR is in the pickle it is .
    Cheers
    Last edited by sabine: 13/11/18
 
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