Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to Energy Development Company’s long term bank facilities worth Rs 10 crore. The rating agency has also reaffirmed rating of the company’s short-term bank facilities worth Rs 30 crore to ‘A2’.
The company has received the said rating affirmation on the back of its promoters’ experience with successful track record, diversified revenue stream, power purchase agreements with State Electricity Boards for its power generation and favorable capital structure.
The company is engaged in power generation from renewable sources (hydro and wind), contract management in the infrastructure sector (construction of bridges, roads, power plants, operation & maintenance of power plants etc.) and providing consultancy services in hydro power (engineering, designing, project management services, etc. in setting up hydro power plants).
The company has received the said rating affirmation on the back of its promoters’ experience with successful track record, diversified revenue stream, power purchase agreements with State Electricity Boards for its power generation and favorable capital structure.
The company is engaged in power generation from renewable sources (hydro and wind), contract management in the infrastructure sector (construction of bridges, roads, power plants, operation & maintenance of power plants etc.) and providing consultancy services in hydro power (engineering, designing, project management services, etc. in setting up hydro power plants).
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