India’s Wind Energy Sector Enters A Slump Formally, As 2.4 GW of NTPC Auctions at Risk Updated On Wed, Nov 27th, 2019 by Saurenergy If the poor response to the August tender for 1200 MW was not enough, comes the news that even the 1200 MW tender of NTPC in August last year has run into serious trouble. The tender, which had received bids ranging from Rs 2.77 to Rs 2.83 from developers including Renew Power, Hero Future Energies, […] Read more
Mytrah Energy to Set 300MW Wind Project to Power SECI Updated On Mon, Sep 17th, 2018 by Saurenergy Mytrah Energy’s winning bid for 300MW of capacity was part of the fourth tranche of SECI ISTS wind reverse auctions in which a total of eleven companies had participated. Adding weight to its portfolio, Mytrah Energy has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for setting up a 300 MW […] Read more
Mytrah Energy Commissions Rooftop Solar Project in Maharashtra Updated On Mon, Aug 27th, 2018 by Saurenergy The institute runs up an annual electricity bill of close to Rs. 15 lakh based on the current tariff followed by Mytrah Energy solar power plant. Leading solar power provider, Mytrah Energy has commissioned the operation of a 103.5 kWh rooftop solar power plant for Suretech Hospital and Research Centre, a nursing training institute in Nagpur, Maharashtra. […] Read more
Mytrah Energy Wins 300MW Out of NTPC’s 1200MW Auction Updated On Wed, Aug 22nd, 2018 by Saurenergy Mytrah Energy quoted a tariff of Rs. 2.79 per unit under the reverse e-Auction and won the bid for a capacity of 300 MW in the first Inter-State Transmission System (ISTS) wind bids conducted by NTPC. Leading renewable power producer, Mytrah Energy has won NTPC tender of 300 MW wind power out of 1200 MW […] Read more
Ind-Ra Upgrades Mytrah Energy from ‘IND-BBB’ to ‘IND-A’ Updated On Mon, Aug 6th, 2018 by Saurenergy The rating agency has upgraded Mytrah’s long-term credit rating from ‘BBB’ TO ‘A-‘ and short term rating from ‘A3’ to ‘A2+’. A leading wind energy service provider in India, Mytrah Energy (MEIPL) has received a higher credit rating from the chief market analyst India Ratings and Research (Ind-Ra). The rating agency has upgraded Mytrah’s long-term […] Read more
Mytrah Energy Wins 100 MW Wind Power Project under MSEDCL Bid Updated On Wed, Jul 18th, 2018 by Saurenergy 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 […] Read more
CPPIB to Invest $300 Million in Renewable Energy Producer Mytrah Power Updated On Tue, Jun 26th, 2018 by Saurenergy We are in process of raising growth capital and there is interest from multiple investors,” said Mytrah Energy chief financial officer Shirish Navlekar without disclosing further details. An advance talks are taking place between Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) and renewable energy producer Mytrah Energy Ltd where the former is investing about $300 million […] Read more
Each Year, 500MW to 1,000MW of Energy Will be Added by Renewable Energy Firm Mytrah Updated On Wed, Nov 29th, 2017 by Saurenergy With 500 MW of projects of Solar, the company is listed among the AIM of London Stock Exchange. Energy capacity of between 500MW to 1,000MW to be added each year constituting both solar and wind energy is next on the cards for renewable energy company Mytrah, said a top company official. In the next few […] Read more
Mytrah Energy Successfully Raises Rs. 1800 Crore Updated On Tue, Sep 19th, 2017 by Saurenergy The 1800 crore fund is being invested in the form of non-convertible debentures (“NCDs”) with a 7-year tenor into two Mytrah Group entities, Mytrah Energy (India) Private Limited (Rs. 980 crores) and Mytrah Ujjwal Power Private Limited (Rs. 820 crores). Mytrah, the Hyderabad-based renewable power producer has raised Rs 1,800 crores from Piramal Group’s financial […] Read more
