transfield services implications

A Transfield discussion probably deserves its own thread rather than continue the 'lifeline granted' nonsense.

Although the ann didn't shed much light on the nature of the agreement/alliance other than TS "are the preferred provider of operations and maintenance services" it does however raise a number of potential implications. All reasonably positive.

To what extent are TS involved moving forward?
Alliance/JV/partnership?
Will any TS management move over?
Are TS potential investors now or down the track?
Are TS interested in the IP?
What are the implications relating to existing TS involvement/investment in Loy Yang A?
What doors will open, now that a quality player is involved?

I guess at this stage these are just some unanswered questions relating to TS involvement with ESI.

We do know TS currently involve themselves both in investment and contract services so it's entirely plausible that TS may at some stage invest in ESI.

Through their investment fund TSI they have a strong interest already in renewable power generation most notably in wind and other environmental initiatives.

Here's an extract from TSI's website highlighting the unique relationship between TS and TSI.

"TSI Fund is different to other infrastructure funds in the market because of the benefits created by its relationship with Transfield Services.
Transfield Services holds a 49 per cent interest in TSI Fund, manages the Fund and is the preferred provider of asset management services to its wholly-owned assets, creating strong alignment.
The value of TSI Fund’s relationship with Transfield Services was demonstrated by our innovative and environmentally-friendly capacity upgrade to Kemerton Power Station and the conclusion of arrangements for the Townsville Power Station blade upgrade project, which will increase its capacity by 10 megawatts."

Interesting times ahead particularly heading into 2009. Management team is now quite capable so slowly but surely.

Cheers to the longs, DYOR