BGR Energy Systems Limited, a leading EPC, BoP and power equipment manufacturing company, today said that it has signed its maiden EPC contract in International power markets. The order is valued at $246 million.
The company entered into a contract for AL Nasiriya 500MW (4x125) Gas Turbine Power Plant Project with the Ministry of Electricity, Republic of Iraq. The contract was signed on October 13, 2013 at Baghdad, according to press release.
The contract was won by BGR Energy through an International Bidding Process which included five other bidders - Hyundai (South Korea), STX (South Korea), Kineeses (Turkey), KAYI Lotus (Turkey) and Enka (Turkey).
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The order is valued at $246 million comprising $240 million towards EPC and $6 million towards piling work. The scope of the Engineering Procurement and Construction (EPC) contract includes Design and Plant Engineering, Civil works, 400KV/132KV gas insulated switchyard (GIS), Electro-mechanical Balance of Plant (BoP), erection, installation and commissioning of Gas Turbines and 6 months of Operation and Maintenance. The designs have to match the stringent UBC (Universal Building Code) and American Standards. The order is to be executed in 25 months.
The order book of the company, including the Al Nasiriya Power Project contract, stands at Rs 13,525 crore.
