NEWS
Market leader Edina has been purchased in Anglo/Indian joint venture
has been purchased by EPAL, a joint venture between India’s EESL (Energy Efficiency Services Ltd) and UK based EnergyPro Asset Management Ltd. The deal, for an undisclosed figure, will give the new owners a platform for growth in both the UK and overseas and promises more jobs and further investment. Edina supplies, installs and maintains CHP, gas and
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diesel power generation systems. It employs 200 people across its UK headquarters in Manchester and manufacturing base in Lisburn, Northern Ireland, and provides work for 400 contractors. Edina also has a small operation in Australia. EESL is the world’s largest public energy services
company, owned by the Indian Public Service Undertaking which includes National Thermal Power Corporation, Rural Electrification Corporation, Power Finance Corporation & Power Grid Corporation. The four organisations have a combined market capitalisation of more than $30 billion. EnergyPro Asset Management Ltd is a UK based
company which aims to accelerate investment into energy and resource efficiency. Its work includes acquiring assets and projects, incubating new ventures, providing consultancy services and building programmes to speed up investment into energy and resource efficiency. As a joint venture, EPAL also owns ESCO operations in the UK and a share in a grid-scale battery project in Canada. Edina’s new chairman is Saurabh Kumar, Managing Director of EESL and Chairman of EPAL. An electrical engineer from Indian Institute of Technology (IIT) Kanpur, he served the UN on deputation handling environmental issues in the Asia-pacific region. He has been with the Union Ministry of Power for close to 15 years and has been leading EESL in successfully implementing energy efficiency projects. Commenting on the acquisition Saurabh Kumar stated:
“We are excited about this new venture and about harnessing the capabilities of a company that has a long history of successfully implementing combined heat and power technology. Leveraging Edina’s unique bespoke approach with our proven, innovative business models for scaling energy efficiency solutions across international borders, we are confident in the potential of this partnership to scale trigeneration technology adoption and to transform CHP market in India. The acquisition is therefore also an important strategic step in our continued efforts towards facilitating India’s energy security and sustainable energy supply.” Neelima Jain, CEO, EPAL, who now takes over as Director, Commercial & BD in Edina, added: “The acquisition is an important development in bringing together the efforts of two companies that have achieved distinguishing competencies in their respective energy efficiency markets. This partnership has far-reaching implications on the global energy sustainability scenario, and for promoting low-carbon growth by industries in Europe and Asia.
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he UKEdina, the UK’s leading total solutions provider for CHP, gas and diesel power generation,
Iberdrola to invest €32 billion in the UK
The Spanish utility giant Iberdrola plans to invest €32 billion (£28.3bn) in the energy sector between 2018 and 2022 to build a really solid foundations for sustainable growth in the future. The companysays it is still confident in the UK’s heat and electricity industry and plans to spend nearly a fifth of of the funds it has earmarked here in the UK.
In terms of the remainder, 38% will be spent in US Dollars, 25% in Euros and 18% in Brazilian Reais. It forecasts net profit in 2022 of up to €3.7 billion (£3.3bn), says more than 90% of this amount will be allocated to regulated activities or long- term contracts. Around €15.5 billion (£13.7bn) will be invested in expanding, smartening and strengthening grid networks,
€11.5 billion (£10.1bn) will be spent on renewables and €2.8 billion (£2.5bn) will go to generation and retail. The remaining €1.4 billion (£1.2bn) will be allocated to contracted generation. As a result of these investments, the business expects renewable capacity to increase by 24% from now to 36.2GW. I The company stands by a projection which suggests that its storage capacity will grow from 80GWh to 100GWh by 2022 and predicts its contracted generation capacity will grow to 10.6GW, more than 82% above current figures. Ignacio Galan, Chairman of Iberdrola and ScottishPower, told UKPN in a recent interview: “Despite recent political and regulatory uncertainty, the UK remains a core investment destination for our company. We will focus on increasing our renewable energy capacity, enhanced grid networks and smart technology for UK customers.”
Control panel & GCB panel upgrades for London/Mayfair offices
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recent Life safety Generator Control and MCCB Panel upgrade at serviced offices at exclusive address in London’s Mayfair was carried out by The Generator Company.
The Generator Company had been contacted by the client to quote for design, build, supply and installation upgrade of the out-of-date control panel and GCB panel, based on the roof. This had been previously described as 'past its service life and failing intermittently'. The new upgraded control system supports several lifts and life safety equipment serviced
offices based in Berkeley Square, London.A spokesman for The Generator Company commented: "Following a site survey of the existing panels, carried out by our project manager, to assess site conditions and any site constraints, a quote was issued to the client detailing the proposed design, full scope of works and schedule of installation for the upgrade project. The proposed generator control panel will incorporate a Deep Sea Electronics control module and will be designed to allow control as required by the seven existing site changeover panels. The Generator Company was delighted to be awarded the project and - as with all our projects - an experienced Project Manager was appointed to ensure that that the daily running of the project ran smoothly and all necessary drawings, health and safety documents and other associated aspects of the project were managed in an appropriate and timely manner throughout. This guaranteed that the customer had someone on hand whenever they were needed, with 100% focus on the project. "The Deep Sea Electronics control module was designed and constructed in our designated control panel workshop in Rochester and bench tested to verify the operation of the control circuits.” He explains: “This test is to confirm that should any of the seven ATS panels experience a mains failure, the generator will start to support the site. The control module was - of course - fully tested before delivery to the client.”
MARCH ‐ APRIL 2018 UK POWER NEWS
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