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Mytrah Energy (India) Ltd plans to invest about Rs 2,000 crore in setting up 300 MW of wind power generation farms by the end of next year.
Listed on the Alternate Investment Market of London Stock Exchange, and based in Hyderabad, Mytrah Energy now has total installed capacity of 310 MW, including 63 MW in Vajrakarur in Anantapur district.
It invested Rs 400 crore for the Vajrakarur project. Another 37.4 MW is under construction in Kurnool and is expected to be commissioned by September.
More projects
The company has entered into an MoU with Andhra Pradesh for more projects in the State. It plans to have an installed capacity 1,000 MW of wind farms in Andhra Pradesh by 2017.
Vikram Kailas, Managing Director, in a statement said, “In the next quarter, we expect to begin construction of another 100 MW in Andhra Pradesh. We are in advanced stages of approval for a further 100 MW capacity.”
The company will have 300 MW in Andhra Pradesh by December 2014 with an investment of Rs 2,000 crore, he said.
Late last year, Andhra Pradesh increased the tariff for wind farms to Rs 4.70 per unit which makes it much better for companies setting them up.
>rishikumar.vundi@thehindu.co.in
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