Chennai, Jan 7 (Inditop.com) Chennai-based power sector engineering, procurement and construction (EPC) contracting company BGR Energy Systems Ltd’s tie-up with global boiler major Foster Wheeler is on, said a top company official Thursday.
“We have got the government’s approval for the tie-up. We will soon come out with an update on the project,” B.G. Raghupathy, chairman and managing director of BGR Energy, told reporters here.
In April 2009, the company had announced a technical tie-up with Foster Wheeler North America Corp, a subsidiary of Foster Wheeler’s Global Power Group, for manufacture of sub and super-critical boilers with capacities ranging from 100 MW to 1,000 MW.
The venture will be through a special purpose vehicle called BGR Boilers at an outlay of Rs.500 crore (Rs.5 billion).
According to officials, the company is on the look out for suitable land near here to house the boiler plant.
They added that the company is proceeding with its talks with a Japanese steam turbine manufacturer. It could be a joint venture or a technical tie-up.
