Mytrah Energy (India) Pvt. Ltd is in talks with potential investors to raise $500 million by selling a stake in the company.
Mytrah Energy, the winner in India’s first wind power auction last year, plans to add 1-gigawatt of wind and solar capacity by September next year as India increases the pace of tendering.
Mytrah Energy (India) Pvt Ltd (MEIPL), an independent power producer, recently erected and commissioned the country’s tallest and Asia-Pacific’s second tallest met mast in Maniyachi in the Kayathar-Tuticorin belt of Tamil Nadu.
Hyderabad-based renewable power producer Mytrah raised Rs. 1,800 Crore from Piramal Group’s financial services companies in order to pace up the momentum of growth.
Hyderabad-based renewal power producer Mytrah Energy raised Rs 1,800 crore from Piramal Group’s financial services companies.
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.
Piramal Capital’s Structured Finance Group and Dutch partner APG Asset Management are investing INR 19 billion in Indian renewable power producer Mytrah Energy , The Economic Times (ET) reports.
Inox Wind Infrastructure Services Ltd., one of the four winners of the first wind power auction held in October, is already looking to sell a stake in the 250 MW project it was awarded, people familiar with the development said.
India, which currently derives about 85 percent of its energy from thermal capacity, got a fillip to its push for renewable energy on Friday when power tariff for wind energy dropped to a record low during auction for one giga watt (GW). The bids were won by listed entity Inox Wind, Mytrah Energy, Green Infra […]
Wind power tariffs followed the solar route and fell below Rs3.46 per kilowatt hour (kWh), in a 1 gigawatt (GW) tender by state-run Solar Energy Corp. of India (SECI).