20 CHP


CHP expert purchased in Anglo/Indian joint venture


Edina, the UK’s leading total solutions provider for CHP, gas and diesel power generation, has been purchased by EPAL, a joint venture between India’s EESL (Energy Efficiency Services Ltd) and UK based EnergyPro Asset Management Ltd.


T


new 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 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


“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.”


organisations have a combined market capitalisation of more than US$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 & building programmes to speed up investment into energy and resource efficiency. As a joint


Independent Power Asia March - April 2018


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. 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. This is 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. “ www.edina.eu


www.gmp.uk.com


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