Mytrah Energy achieves 1 gw milestone

Mytrah Energy on Thursday announced that the installation of additional capacity at its Aspari project in Andhra Pradesh has taken its total wind portfolio energy capacity to 1,000 mw.

Commenting on Mytrah's milestone, Ravi Kailas, chairman, said," In just six years Mytrah has covered an extraordinary distance and today marks the significant milestone achievement of one gigawatt of wind energy capacity. It gives me enormous pride to have reached this juncture after tireless work, preparation, planning and execution by everyone associated with Mytrah."

The renewable energy company's journey has started with its first capital raise of Rs 320 crore in 2010-11. With a collective loan book of Rs 2,500 crore in 2014, which helped it deliver 543 mw, the company kept the momentum to reach a collective fund mobilisation of over Rs 10,000 crore including one of the largest refinancing transactions in the renewable energy space in India, according to Mytra's joint managing director and CFO Shirhsh Navlekar.