Mytrah to setup 220 MW wind power plant in AP
Hyderabad, Feb 26 (INN): The Mytrah Energy Ltd, one of the largest independent wind energy producing companies in the country, bagged a 220 MW wind power project from the Government of Andhra Pradesh at RE-Invest 2015.
The project will be installed in Kurnool district and is expected to be commissioned in 18 months. The deal was signed at RE-Invest - India's first renewable energy global investors meet in step with the Modi government's 'Make in India' initiative.
'We are excited to sign the MoU with the Andhra Pradesh government and contribute to the larger energy requirements of the state and the nation', said Ravi Kailas, Chairman & CEO, Mytrah Energy Ltd. 'At Mytrah, we have successfully built an operating portfolio of 543 MW across seven wind rich states, in a span of four years. We have set the platform for accelerated growth that will enable economic and social progress for all key constituents of the renewable energy eco-system and its beneficiaries', he added.
'We have 300 MW under construction and 3500 MW of identified projects in the pipeline. Our strong partnerships with both domestic and international wind turbine manufacturers have enabled us to grow continually and generate significant value', said Vikram Kailas, Managing director, Mytrah Energy Ltd.
About Mytrah - Mytrah Energy (India) Limited (MEIL) is one of the largest independent power producers in India. MEIL is a wholly owned subsidiary of Mytrah Energy Limited (MEL), based in London. MEL is listed on AIM, a secondary market of London Stock Exchange. The company is awarded as one of the top 3 innovative companies in the world, by PWC.
Currently, the company has an operating portfolio of over 543 MW across seven states in the country - Andhra Pradesh, Tamil Nadu Karnataka, Maharashtra, Gujarat and Rajasthan. MEIL plans to achieve 5000 MW of wind power by 2019. Being sensitive to the environment, the company undertakes environment and social due diligence report for each project. The company has developed expertise and procedures to comply with environmental legislation for commissioning of the projects.
News Posted: 26 February, 2015
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