Energy Development Company

Name

Energy Development Company

Legal name

Energy Development Company Limited

Website

https://edclgroup.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Generation (Hydropower and Wind)

NAICS

Hydroelectric Power Generation (221111), Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Hydropower EPC & Civil Construction (Dams, Weirs, Tunnels, Penstocks) (EUAMADAB)

akta.pro secondary industries

Hydropower Operations, Maintenance & Asset Management (O&M, Spares, Performance) (EUAMADAE), Hydro Balance-of-Plant EPC (Penstocks, Gates, Intake/Outfall, Auxiliaries) (EUAEADAH), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

Keywords

• Hydropower generation
• Wind power generation
• EPC services
• Engineering consultancy
• Bagasse cogeneration

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D

Revenue model

1. Power Generation and Sale: EDCL generates electricity from its owned hydroelectric and wind power plants and sells under long-term Power Purchase Agreements (PPAs) to state electricity distribution companies. Revenue is recurring based on power generated and tariff rates per PPA terms. The company operates 19 MW of operational capacity (16 MW hydro + 3 MW wind) with 291 MW of projects under development.
2. Engineering and Consultancy Services: EDCL provides comprehensive engineering, consultancy and project management services for hydroelectric power plants ranging from concept and design to construction and commissioning. Services include feasibility studies, detailed project reports, EPC contracts, O&M services, and rehabilitation/renovation of aging hydro plants.
3. EPC Contracts: Engineering, Procurement and Construction services offered in both EPC-LSTK (Lumpsum Turnkey) and EPCM (Cost plus fee) modes for hydropower plants up to 500 MW including civil and electrical infrastructure and substations.
4. Bagasse Cogeneration: Design, supply, erection and commissioning of high-efficiency bagasse-fired cogeneration plants for sugar mills, utilizing sugarcane waste to generate heat and electricity. EDCL has implemented contracts totaling over 150 MW of bagasse cogeneration capacity.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

EDCL independently generates clean electricity from its own hydroelectric and wind power plants (19 MW operational) and sells the output under long-term Power Purchase Agreements to state electricity distribution companies. In parallel, the company offers end-to-end engineering, consultancy, EPC, O&M, and rehabilitation (RM&U) services for hydropower and bagasse cogeneration projects owned by other developers and sugar mills. Its service portfolio spans feasibility studies, detailed project reports, turnkey construction, third-party operations and maintenance, and modernisation of aging hydro assets.

Product overview

Energy Development Company Limited (EDCL) operates a diversified renewable energy portfolio consisting of power generation assets and consultancy services. The company owns and operates 19 MW of operational renewable energy capacity (16 MW hydro + 3 MW wind) and has 291 MW of hydroelectric projects under development. The product portfolio includes: (1) Power Generation Assets - operational hydro projects (Harangi 9 MW, Ullunkal 7 MW), wind projects (Hassan 1.5 MW, Chitradurga 1.5 MW), and projects under development including Harangi Stage-II (6 MW), Karikkayam (15 MW), and Arunachal portfolio (270 MW across 7 projects); (2) Consultancy Services - Engineering, Consultancy & Project Management for hydropower plants; (3) EPC Services - turnkey hydropower plant construction; (4) O&M Services - third-party operations and maintenance; (5) Rehabilitation & RM&U Services - renovation of aging hydro plants; (6) Bagasse Cogeneration - waste-to-energy solutions for sugar mills.

Differentiator

Problem solved

Functional benefit

Products and services

• Harangi Hydroelectric Project A 9 MW (2×4.5 MW) run-of-the-river hydroelectric power project on the Harangi River in Kodagu, Karnataka. The company sells generated electricity to Chamundeshwari Power Corporation under a long-term PPA. Operational since 1999 with a 99.9% average availability factor.
• Ullunkal Hydroelectric Project A 7 MW (2×3.5 MW) small hydroelectric project on River Kakkad, Pathanamthitta district, Kerala, that uses Kaplan turbines and supplies electricity wheeled through K.S.E.B. switchyard.
• Karikkayam Hydroelectric Project A 15 MW (3×5 MW) hydroelectric project downstream of Ullunkal HEP in Kerala, implemented through wholly-owned subsidiary Ayyappa Hydro Power Limited (AHPL), which holds the project rights.
• Harangi Stage-II Extension Project A 6 MW (1×6 MW) extension hydro project at Harangi Dam in Karnataka, designed to tap potential head difference and reduce flood risk, with expected annual generation of 7.98 MUs. Under development.
• Arunachal Hydroelectric Projects Portfolio A portfolio of seven hydroelectric projects totaling 270 MW in Arunachal Pradesh (East Kameng and Tawang districts), comprising Pachuk-I (60 MW), Pachuk-II (60 MW), Majingla (60 MW), Pakke Bung-I (15 MW), Pakke Bung-II (15 MW), Tsa-chu-I (24 MW), and Tsa-chu-II (36 MW). To be developed on BOOT basis under MOU with the Government of Arunachal Pradesh for a 40-year lease period.
• Hassan Wind Project A 1.5 MW wind power plant at Hassan, Karnataka, using a Suzlon S82 turbine at 780m altitude, generating approximately 38-39 lakh units annually, with electricity sold to CESC Mysore under PPA.
• Chitradurga Wind Project A 1.5 MW wind power plant in Chitradurga district, Karnataka, featuring an 80m hub height and 82m rotor diameter using a Suzlon S82 turbine.
• Engineering, Consultancy and Project Management Services Comprehensive engineering and project management services for hydroelectric power plants covering the full lifecycle from concept to commissioning, including feasibility studies, detailed project reports (DPR), design, and construction supervision. Offered to hydropower developers and state hydro corporations.
• EPC (Engineering, Procurement and Construction) Services Turnkey EPC solutions for hydropower plants up to 500 MW, including civil and electrical infrastructure and 33 kV to 220 kV substations. Offered in both EPC-LSTK (Lumpsum Turnkey) and EPCM (Cost plus fee) execution modes.
• O&M (Operations and Maintenance) Services Third-party operations and maintenance services for hydropower plants, including staffing, troubleshooting, consulting, and total O&M solutions.
• Rehabilitation, Renovation, Modernisation and Uprating (RM&U) Services Consultancy and execution services for aging hydro power plants to restore condition for long-term sustained generation, including technical assessment, residual life analysis, and turnkey rehabilitation projects.
• Bagasse Cogeneration Solutions Design, supply, erection and commissioning of high-efficiency, grid-friendly bagasse-fired cogeneration plants with high-pressure boilers and turbine generators for sugar mills, with total installed capacity exceeding 150 MW.

Quantifiable outcome

• 99.9% average availability factor at Harangi Project since commissioning in 1999
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• CESC MysorecoreStrategic or Co-development Partner · 1 January 2007Power Purchase Agreement for electricity generated from Hassan Wind Project (1.5 MW). CESC Mysore purchases the renewable energy output for distribution in Mysore region.
• SuzloncoreTechnology or Integration · 1 January 2007Equipment supplier for wind turbine generators. EDCL uses Suzlon's S82-1.5 MW wind turbine generators at Hassan and Chitradurga wind projects. Suzlon provides technology including Resin Infusion Molding blades, Micro Pitch system, and Flexislip system.
• Ayyappa Hydro Power Limited (AHPL)coreStrategic or Co-development Partner · 1 January 2006100% subsidiary Special Purpose Vehicle (SPV) company through which EDCL implements the 15 MW Karikkayam project as Independent Power Producer (IPP). AHPL was acquired by EDCL in September 2006 and holds the project rights.
• Chamundeshwari Power CorporationcoreStrategic or Co-development Partner · 1 January 1999Long-term Power Purchase Agreement for purchase of all electricity generated from the 9 MW Harangi Hydroelectric Project. EDCL sells power to Chamundeshwari Power Corporation which distributes electricity in Karnataka.
• Kerala State Electricity Board (K.S.E.B.)coreStrategic or Co-development Partner · 1 January 1994K.S.E.B. proposed and allotted Ullunkal and Karikkayam projects. EDCL acquired Ullunkal from TECIL and K.S.E.B. facilitates power evacuation through its switchyard. Project uses controlled water releases from upstream Sabarigiri H.E. Project routed through Kakkad Power House.
• Government of Arunachal PradeshcoreStrategic or Co-development PartnerMemorandum of Understanding for development of hydroelectric projects aggregating 270 MW in East Kameng and Tawang districts. Projects on Build, Own, Operate and Transfer (BOOT) basis for 40-year lease period from Commercial Operation Date.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• JSW Energy: Indian power company with a growing renewable energy portfolio across hydro, wind, and solar. Comparable as a diversified Indian IPP pursuing both greenfield renewable development and acquisitions in the same customer segments as EDCL.
• Adani Green Energy: Largest Indian renewable IPP by capacity with diversified solar, wind, and hybrid assets. Competes for the same state DISCOM PPAs and renewable project allocations that anchor EDCL's growth strategy.
• Reliance Power: Indian power IPP with a mix of hydro, thermal, and renewable assets. Comparable as a publicly listed Indian IPP that secures long-term PPAs with state distribution companies and pursues project development across renewable technologies.
• Tata Power Company: One of India's largest integrated power companies with a significant renewables portfolio including hydro and wind. Operates as a broad incumbent with PPA-based generation across multiple states, overlapping EDCL's B2B utility sales model.
• Suzlon Energy: India's largest wind turbine manufacturer and wind IPP. Comparable as EDCL's technology partner for its Hassan and Chitradurga wind assets (Suzlon S82 1.5 MW turbines) and as a broader wind power generation peer.

Direct peers

• NHPC Limited: India's largest hydropower generating company with ~7,000+ MW of installed capacity across multiple states. Directly comparable as a public Indian hydro IPP executing run-of-river and reservoir projects under long-term PPAs with state DISCOMs.
• SJVN Limited: Publicly listed Indian hydropower company with diversified hydro, wind, and solar generation. Comparable as a small/mid-cap Indian hydro IPP with a pipeline of projects in hilly terrain (Himachal Pradesh, Uttarakhand, neighboring states).
• NEEPCO (North Eastern Electric Power Corporation): Public-sector hydropower generator focused on India's northeastern region. Comparable because EDCL's 270 MW Arunachal Pradesh pipeline directly overlaps NEEPCO's geography, customer base (state DISCOMs), and hydro technology profile.

Emerging players

• Inox Wind: Indian wind turbine manufacturer and wind IPP. Comparable as a wind-focused player whose technology and operational model overlap with EDCL's 3 MW wind portfolio and renewable generation services.

Others

• PTC India: India's leading power trading company that buys and sells electricity on behalf of DISCOMs and generators. Comparable as a participant in the same long-term PPA ecosystem that EDCL depends on for revenue, though not a direct generation competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/edcl-power-projects-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Energy Development Company