BGR Energy to tie up with Flagsol to enter into solar power industry

BGR Energy Systems is about to close a deal for entering into the solar power industry, with Flagsol, a subsidiary of Solar Millennium of Germany. It is reported that the Indian partner will hold 60% stake in the joint venture that would be created. The joint venture is looking to set up a 50-MW concentrated solar power (CSP) plant in Rajasthan. The plant of that size would call for an investment of about Rs 650 crore.

Solar Millennium is a well-known name in the solar thermal industry, and is the company that put up the first CSP plant in Europe (at Andasol in Spain) while, Flagsol is a joint venture (JV) between Solar Millennium AG (74.9%) and another company called Ferrostaal AG (25.1%). Based in Cologne, Germany, Flagsol provides the technology for parabolic trough power plants.

Recently, the company emerged as the lowest bidder in the tender called by NTPC for supply of nine units of 800 MW steam turbine and generator units for a value of about Rs 3,500 crore. The company now awaits the completion of entire technical and commercial details of bids in this regard.

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.