TANGEDCO cancels energy deal with BGR Energy Systems
POWER & RENEWABLE ENERGY

TANGEDCO cancels energy deal with BGR Energy Systems

Chennai-based engineering services utility BGR Energy Systems told the media that Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has cancelled the Rs 4,442.75 crore contract for setting up the 660 MW Ennore Thermal Power Station and forfeited a Rs 5 crore deposit.

BGR Energy Systems had received the letter of intent (LOI) from TANGEDCO for the execution of 1x660 MW supercritical Ennore thermal power station expansion project under the engineering procurement and construction (EPC) mode for Rs 4,442.75 crore. The company told the media it has been notified by TANGEDCO that the LOI regarding the award of contract has been cancelled for non-submission bank guarantees for security deposit and performance bank guarantee by the company and consequential forfeiture of earnest money deposit (EMD) of Rs 5 crore.

BGR has moved the Madras High Court for quashing the said cancellation of LOI and consequent direction to accept bank guarantees as per Government of India instructions issued in the wake of the Covid-19 pandemic.

Image Source


Also Read: TANGEDCO cancels controversial Rs 1.3k cr coal import tender

Also Read: Fusion Fuel, BGR Energy to develop green hydrogen projects in India

Chennai-based engineering services utility BGR Energy Systems told the media that Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has cancelled the Rs 4,442.75 crore contract for setting up the 660 MW Ennore Thermal Power Station and forfeited a Rs 5 crore deposit. BGR Energy Systems had received the letter of intent (LOI) from TANGEDCO for the execution of 1x660 MW supercritical Ennore thermal power station expansion project under the engineering procurement and construction (EPC) mode for Rs 4,442.75 crore. The company told the media it has been notified by TANGEDCO that the LOI regarding the award of contract has been cancelled for non-submission bank guarantees for security deposit and performance bank guarantee by the company and consequential forfeiture of earnest money deposit (EMD) of Rs 5 crore. BGR has moved the Madras High Court for quashing the said cancellation of LOI and consequent direction to accept bank guarantees as per Government of India instructions issued in the wake of the Covid-19 pandemic. Image Source Also Read: TANGEDCO cancels controversial Rs 1.3k cr coal import tender Also Read: Fusion Fuel, BGR Energy to develop green hydrogen projects in India

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?