Mytrah Energy

Mytrah Energy Successfully Raises Rs. 1800 Crore

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 […]

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Mytrah Energy to acquire startup to expand innovation quotient: Report

Mytrah is also looking to collaboration with T-Hub to engage with multiple startups in the clean energy space Hyderabad based Mytrah Energy is reportedly planning to acquire a startup that offers innovative solutions. Mytrah Group chief executive officer Vikram Kailas speaking to TOI said “we are a firm believer that innovation comes from smaller companies. […]

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Mytrah Energy reports USD 362.23mn in revenue

The renewable power producer Mytrah Energy entered into PPAs  for 140 MW of solar power capacity, bringing the total to 422 MW AC in Telangana, Punjab and Karnataka Renewable energy company Mytrah Energy Ltd. announced its full year results for the year ended 31 December 2016. The company reported full year revenues of USD 362.23mn, […]

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Mytrah Energy signs pacts for 2000 MW Renewable Energy Projects in Andhra Pradesh

Mytrah Energy has signed a deal worth Rs 13000 crore for the installation of 2000 MW Renewable Energy Projects spread across eight districts of Andhra Pradesh Mytrah Energy has signed pacts for 2000 MW of renewable Energy projects worth Rs 13,000 crore in Andhra Pradesh. The MoUs were inked in the presence Chief Minister N […]

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Storage-linked Solar Power to Reach 5 kWh by 2022

Renewable Energy like solar power is available for half the cost, and can reach 5 kWh by 2022. Renewable Energy like solar power with storage is already available at half the cost, compared with power from diesel-run generators, according to industry watchers. Vikram Kailas, Managing Director and CEO, Mytrah Energy, told BusinessLine: “We are probably […]

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Sungrow signs a contract with Mytrah Energy to supply 150MW inverters in India

Sungrow has announced that it has acquired a deal to supply 150 MW of inverters to solar projects in the Indian states of Telangana and Punjab. The Chinese inverter manufacturer is already active in the markets of Asia, US and Europe, and this new contract with Mytrah Energy Sungrow will be able to display its […]

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Solar Power Tariffs expected to drop to as low as INR 3.50 a unit in 3 years

Solar power tariffs in India, which fell below Rs. 5 per unit since last November, are once again expected to sink further as the industry doubles volumes every year and the cost of producing power continues to drop. A report published in the Mint mentions that that tariffs will fall to as low as 3.5 […]

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Risen Energy announces primary order placements of 175MWp Solar PV Modules by India’s Mytrah

Chinese solar module producer Risen Energy has announced the primary order placements of 175MWp Solar PV Modules by India’s Mytrah Energy for dispatch during 2016. Mytrah’s recently received approval of a USD 175 million direct loan facility from Asia Development Bank (ADB) to assist its growth plans within India, which include the option of purchasing […]

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