April 27, 2024 02:19 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
6.1 magnitude earthquake hits Taiwan, no immediate damages reported | Arjuna awardee CRPF officer found guilty of sexual harassment charges, faces dismissal | Opposition's dreams shattered: PM Modi on Supreme Court's VVPAT verdict | Supreme Court rejects plea seeking 100 pct votes verification on EVMs, rules out returning to ballot papers | Voting concludes in 88 constituencies with 61% turnout by 5 pm

Mytrah Energy surpasses capacity target for 2016 season

India Blooms News Service | | 13 May 2016, 08:35 pm
Hyderabad/ Kolkata, May 13 (IBNS): Mytrah Energy, one of India’s largest independent Power Producers in renewable energy is pleased to announce that an additional 210 MW has been commissioned at its Vajrakarur 2, Nidhi and Nazeerabad projects, increasing the Company's operating wind portfolio to 826.4 MW at the start of the 2016 wind season, 83 MW ahead of the Company’s initial target.

Mytrah is also pleased to report that extensive progress has been made on additional wind project construction, with 90 MW erected and expected to be commissioned later this year, and a further 87 MW planned before mid-2017, taking capacity to 1000 MW.

In addition to the wind capacity expansion, development of the Company’s solar pipeline continues, with PPAs now signed for all 377 MW in Telangana and Punjab and a further 45 MW won in the recent Karnataka allocation.

Commenting on the update, Ravi Kailas, Chairman and CEO, Mytrah Energy Ltd. said:“I am delighted that we have commenced the 2016 wind season with 826.4 MW of operating wind assets. Mytrah has added 283 MW of wind capacity over the last 12 months – well ahead of our initial 200 MW target."

“We have excellent operational momentum now in both wind and solar which is developing Mytrah into a well-diversified renewable energy business. With the additional capacity in place Mytrah is in a strong position to meet its overall targets for 2016,"Kailas said.
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.