BGR Energy Systems has been awarded an EPC contract for setting up 2 x 300 MW coal based thermal power project by TRN Energy, New Delhi. The order is valued at Rs 1,698 crore. The turn key contract completion schedule will be 29 months for unit I and 32 months for unit II.
The proposed project is located at Nawapara village, Chhattisgarh. The project has received forest and environmental clearances and the coal linkage is tied-up with South Eastern Coal. Further, land and water for the project are available. The order value includes foreign currency content of $188 million at an exchange rate of Rs 44.70. The contract provides for foreign exchange variation protection to the company at actual exchange rate.
Recently, the company was about to close a deal for entering into the solar power industry, with Flagsol, a subsidiary of Solar Millennium of Germany.
BGR Energy Systems (BGRESL) is engaged in supplying of systems and equipment and contracting turnkey engineering project. The company started as a joint venture between GEA Energietechnik GmbH, Germany and the promoter B G Raghupathy in order to produce and sell on-line condenser tube cleaning systems, debris filters and rubber cleaning balls used in thermal and nuclear power plants.
