TANTRANSCO terminates BGR Energy EPC contract over alleged delays
BGRENERGY · price
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Tamil Nadu Transmission Corporation (TANTRANSCO) has terminated BGR Energy's EPC contract covering a 230/110 KV substation at Tirupattur, a 230 KV bay extension at Palavadi and associated transmission line works (Tender T-1995), citing alleged delays and non-completion. TANTRANSCO may recover liquidated damages, unused material costs and the price difference to finish the job via another agency. BGR Energy is examining legal remedies and says there is no material impact on operations.
Loss of a state utility contract with possible recovery claims and legal costs, though company says operations are not materially affected.