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India is the most exciting power market in the world, particularly for renewables. India already has 35 GW of renewable energy capacity and plans to grow this 500% over the next six years. Read More »
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Hyderabad-based power producer Mytrah Energy (India) Ltd said on Thursday it will raise up to $175 million (Rs 1,164 crore) in loans from the Asian Development Bank to fund its wind and solar projects. The company will supply the electricity generated from these projects to respective state utilities under long-term agreements. Read More »
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Hyderabad-based power producer Mytrah Energy (India) Ltd said on Thursday it will raise up to $175 million (Rs 1,164 crore) in loans from the Asian Development Bank to fund its wind and solar projects. The company will supply the electricity generated from these projects to respective state utilities under long-term agreements. Read More »
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Hyderabad-based power producer Mytrah Energy (India) Ltd said on Thursday it will raise up to $175 million (Rs 1,164 crore) in loans from the Asian Development Bank to fund its wind and solar projects. The company will supply the electricity generated from these projects to respective state utilities under long-term agreements. Read More »
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London-based Mytrah Energy Ltd said it has secured an INR-8.53-billion (USD 137m/EUR 121m) long-term loan from an unnamed Indian bank to back 150 MW of wind projects. Mytrah agreed to construct a 220-MW wind park in the Indian state of Andhra Pradesh within 18 months under a deal with the local government. Read More »
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Mytrah Energy Limited is listed in London and is one of the largest renewable energy producers in India today. In contrast to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India benefits from truly market-led renewable energy demand, without significant subsidy. India is the most exciting power market in the world, particularly for renewables. India already has 35 GW of renewable energy capacity and plans to grow this 500% over the next six years. Read More »
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The loan will be used as long-term project finance debt in building 150MW of wind power, which is now fully financed and expected to be on stream in the next 12 months, ahead of the country`s 2016 wind season. Read More »
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Ravi Kailas, Chairman and CEO of Mytrah Energy said: `The loan underpins our next 150MW of wind power production in India, taking us to over 690MW. In the past four years, Mytrah has created a business operating 543MW of wind power in six States. Read More »
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