Transfield Holdings advises that Mr. Roy McKelvie has stepped down as the company’s CEO. Roy continues as a Director of Transfield Services and is also working on specific initiatives for Novatec Solar.

During Roy's tenure as CEO, the strategic growth options for the company were reviewed, and it was agreed that Roy would retire as the CEO.

Sydney – To coincide with its second anniversary the Transfield Foundation, created by Transfield Holdings and Transfield Services to expand both companies' longstanding philanthropic activities, today announced five new grants under its Innovation in Resources Management (IRM) funding priority. IRM grants build on Transfield’s engineering heritage and its investments in renewable energy infrastructure and focus on research efforts that provide practical solutions to long term, environmental and economic problems.

Karlsruhe, Germany – Novatec’s solar boiler has commenced operations at the Liddell Power Station in New South Wales, Australia. The solar boiler acts as a fuel-saver by feeding steam into the existing coal fired power station and reducing the coal required to operate the facility. The Liddell Power Station is owned by Australian utility, Macquarie Generation.

Karlsruhe, 17th October 2012 – The Chairman of Novatec Solar’s Shareholder Committee, Nicholas James, has announced the appointment of Andreas Wittke as Chief Executive Officer and Member of the Management Board. Mr. Wittke will take over the role from departing CEO Dr. Christoph Wolff.

Calasparra, Spain – Puerto Errado 2 (PE2), the 30MW solar thermal power station built by Novatec Solar using its proprietary solar field technology, has been completed and is in operation. PE2’s solar boiler includes a mirror surface of 302,000m2 making it the world’s largest operational solar thermal power station based on linear Fresnel collector technology.