Power firm helping India transition to clean energy technology
Energy specialist Edina is increasing its expansion in India.
The firm, based in Stockport, has built up a sales pipeline worth £107m.
It was acquired by joint venture EPAL, partly established by the government of India, in March 2018.
EPAL – EnergyPro Assets Ltd – was established by the world’s largest public energy services company, India’s Energy Efficiency Services Ltd, and EnergyPro Asset Management Ltd.
Edina, a supplier, installer and maintenance provider of natural gas and biogas combined heat and power (CHP) applications, was established in 1985 and employs 200 people across its UK base and operations in Lisburn (Northern Ireland), Dublin, Cork (Ireland), Queensland (Australia) and New Delhi (India).
With backing from EPAL, Edina opened a New Delhi office in 2019 and continues to make inroads into the Indian energy market.
This has resulted in an export sales pipeline of 100MW of trigeneration projects, valued at £107m.
Edina chief executive, Hugh Richmond, said: “We have been at the forefront of developing the UK and Ireland’s decentralised power infrastructure for more than 30 years.
“Now we are using our knowledge and technical innovation to help India accelerate its transformation towards a low carbon economy.
“We are seeing strong demand for our high-efficiency CHP technologies to meet India’s growing need for more sustainable and resilient power and cooling solutions.
“One of our initial contracts is a £1.11m trigeneration project at major automotive manufacturer Mahindra & Mahindra.
“We are also supplying Innovations Infocom & IT Parks Pvt Ltd with a 2MWe trigeneration plant to support their data centre infrastructure.”
EPAL has recently been named the fastest-growing Indian-owned company in the UK, ahead of the likes of the Tata conglomerate that owns the Jaguar Land Rover luxury car brand and energy and chemical operations throughout the North West.
EPAL achieved 715% revenue growth in 2019. Its turnover exceeded nearly 850 other major Indian-owned companies, according to Grant Thornton’s ‘India meets Britain Tracker 2020’, which was developed with the Confederation of Indian Industry.
