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BGR Energy to form JV with Flagsol GmbH for solar venture

Tuesday, 20 Sep 2011
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BGR Energy is on the verge of finalising a deal for foraying into the solar power industry.

 

The company is likely to form a JV with Flagsol GmbH, a subsidiary of Solar Millennium of Germany. While BGR will hold 60 per cent stake in the JV, Flagsol will hold the remaining 40 per cent stake. The JV is mulling to set up 50 MW concentrated solar power (CSP) plant in Rajasthan at an investment of about Rs 650 crore.

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