Techint Unit Found Payments of ‘Concern’ in Eskom Contract (2)

Tenova SpA, a unit of the Italian billionaire Paolo Rocca’s Techint Group, has appointed legal and forensic-accountancy firms to assess its dealings with South Africa’s Eskom Holdings SOC Ltd. after identifying payments that caused the company “concern.”

A contract between the mining and manufacturing-services provider and state-owned Eskom is one of a number of agreements, including ones frm Alstom SA and WSP Global Inc., that are being scrutinized by South Africa’s Special Investigating Unit. Tenova was hired in 2010 to carry out work on Eskom’s Kusile power plant, which it handled through a division called Tenova Mining and ...