BGR Energy Signs USD389.95 million Contract for 800 MW Plant in Tamil Nadu

The agreement was signed for Balance of Plant (BoP) works with state-run Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO).

India: BGR Energy Systems Ltd, an engineering and contracting company for power projects in India, announced that it has received a USD389.95 million worth contract for the balance of plant (BoP) works by the state-run TANGEDCO for the 800 MW North Chennai Thermal Power Project. The scope of the contract includes design, engineering, manufacturing, fabrication, assembly, inspection, testing, transportation, erection, testing and commissioning of the BoP mechanical, control & instrumentation, and electrical works. The project comprises of setting up a large coal handling system and a 765 KV gas insulated switchgear-based substation. Presently, the company's order book is worth USD1.11 billion including this project.

TechSci Research depicts that " India has been witnessing a significant rise in power demand for the past few decades because of rapid growth in population, industrialization and urbanization. Notable technological upgrades are underway to reinforce the country’s transmission and distribution network, which would continue to drive the demand for power and distribution transformers in India. Foreign players, especially Chinese and Korean electrical equipment manufacturers, have captured almost one fourth of Indian transformers market, mainly in EHV and UHV class power transformers, as the products offered by them are considered cheaper and technologically advanced."

According to TechSci Research report “India Power & Distribution Transformers Market Forecast & Opportunities, 2020”, the power and distribution transformers market in India is projected to grow at a CAGR of over 10% till 2020. Power transformers contribute a major portion of overall market revenues due to their higher price points. Under the 12thfive year plan (2012-2017), Indian government allocated US$ 200 billion for strengthening the country’s power generation, transmission, and distribution sector. One of the major developments underway includes the country’s shift from 765 kV to 1200 kV power transmission.