BGR Energy enters into collaboration with Foster Wheeler for complete range of Boilers

BGR Energy Systems Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532930 | NSE: BGRENERGY

02 Apr 2009 Evaluate

BGR Energy through a Special Purpose Company, GR Boilers Private Limited, has entered into a License Agreement with Foster Wheeler North America Corp., a subsidiary of Foster Wheeler's Global Power Group having its operational headquarters at New Jersey, USA. The Licence Agreement grants to BGR Boilers an exclusive license and rights for the Indian Market to design manufacture and sell:

(a)Sub-critical coal fired Steam Generators (Boilers)

(b)Super-critical coal fired Steam Generators (Boilers)

Typical Unit sizes would be 300 MW, 500 MW, 600 MW, 660 MW, 800 MW and 1000 MW. BGR Boilers will have access to international markets via case-by-case license. The 20 year licence agreement is subject to approval of the Government of India.

This license agreement is a significant step forward for BGR group and Foster Wheeler. This will also support Government of India's vision for sustained growth of power sector duly backed by domestic manufacture of power plant equipments. BGR group will also emerge as one of the select list of group with both manufacturing and EPC capabilities.

BGR Energy is a leading EPC contractor in the Power Generation sector in India and this partnership with Foster Wheeler to manufacture the full range of Pulverized Coal Boilers will increase the value of in-house contribution in its EPC projects as well as offer Quality Products of World Repute to the Indian Customers.

Foster Wheeler North America Corp. is a subsidiary of Foster Wheeler AG, a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs over 14,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups.

The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters are in Clinton, New Jersey, USA.

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