Energy Development Company Ltd (ENERGYDEV) Business Profile
Energy Development Company Limited generates and sells electricity from water and wind in India. The company operates through Generating, Contract, and Trading divisions. The Generating division generates and sells bulk power to various electricity boards. It has 19 MW of renewable energy capacity and has 291 MW of hydroelectric projects at various stages of development. This division owns and operates 9 MW and 6 MW Harangi hydroelectric power plants in the district of Kodagu, as well as 2 wind projects of 1.5 MW each in the districts of Hassan and Chitradurga Karnataka; and a 7 MW Ullunkal hydroelectric power project and 15 MW Karikayam hydroelectric power project in the state of Kerala. This division also executes various hydroelectric projects in the state of Arunachal Pradesh. The Contract division develops energy and infrastructure projects for other developers. It offers engineering, consultancy, and project management services for hydroelectric power plants; engineering, procurement, and construction services; third party power plant operations and maintenance services; and rehabilitation, renovation, modernization, and uprating consultancy and services for ageing hydro power plants. This division is also involved in the cogeneration or the combined generation of heat and power from a single fuel source, such as bagasse. The Trading division trades in power equipment, metals, etc. Energy Development Company Limited was incorporated in 1995 and is based in Kolkata, India. The ISIN of this stock is INE306C01019.