Hyderabad-based renewable power company Mytrah Energy (India) Limited has set an internal target of a four per cent reduction in power costs year-on-year (YoY) at least for the next five years, during which time it aims to take its installed capacity to 5,000 Mw from the current level of around 1,500 Mw.
This would help the company in successfully bidding for new projects each year as the competition generated by the government policy in the renewable energy space has driven the tariff down and improved the margins to support growth.
“We will try to achieve this internal target by ensuring lower cost of funds through efficient funding channels on one side and with the efficient deployment of finances on the other side, while leveraging technology, including artificial intelligence (AI), to help increase generation at our sites,” Mytrah Energy Managing Director Vikram Kailas told Business Standard. Read More…
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