Mytrah Energy Wins 100 MW Wind Power Project under MSEDCL Bid

Mytrah Energy Wins 100 MW Wind Power Project under MSEDCL Bid

Mytrah Energy Wins 100 MW Wind Power Project under MSEDCL Bid

Country’s one of the leading independent power producer, Mytrah Energy (India) Pvt Ltd (MEIPL) has secured a 100 MW wind power project for the Maharashtra State Electricity Distribution Co Ltd (MSEDCL) through competitive bidding.

The company has quoted a tariff of Rs 2.86 under the reverse e-auction for the 200 MW capacity and won the bid for a capacity of 100 MW in Maharashtra to supply power to the MSEDCL.

Commenting on the achievement, Mytrah Energy, Co-founder, Vice Chairman and Managing Director, Vikram Kailas said, “Our most recent win at MSEDCL demonstrates Mytrah’s strong renewable energy capabilities that will serve the increasing need for renewable energy in India. With our Pan-India presence and strong in-house technology we will help the government meet their renewable energy requirement to make the country more sustainable.”

Further, in the reverse bidding total six companies had participated and collectively submitted quotes for a cumulative capacity of 821.8 MW. The bidders were given a choice to reduce the quoted capacity during re-auction.

Besides, other players who won the bid were Adani Green Energy and KCT Renewable Energy, each with 75 MW at Rs 2.85, Inox Wind with 50 MW of capacity, Hero Wind Energy with 75.6 MW all three at Rs 2.86 and Torrent Power, which bid for 146 MW but was awarded 124.4 MW of capacity at Rs 2.87.

However, the auction was conducted to seek bids to procure 500 MW wind power supply from bidders post releasing a tender on December 21, 2017.

Meanwhile, the project is expected to be commissioned within 18 months from the execution of Power Purchase Agreement (PPA).

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Manu Tayal

Manu is an Associate Editor at Saur Energy International where she writes and edits clean & green energy news, featured articles and interview industry veterans with a special focus on solar, wind and financial segments.