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The firm has installed 543 MW of wind parks across six Indian states and it has 3,500 MW of projects in the pipeline, chairman and CEO Ravi Kailas noted. Last week, Mytrah agreed to construct a 220-MW wind park in the Indian state of Andhra Pradesh within 18 months under a deal with the local government.
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This financing will allow the company to expand its capacity. The decision also supported ADB’s strategy of stepped up financing for renewable energy and increased support for private investment in the sector. The loan facility “underpins our growth plan. The company expects to reach its medium-term capacity target of 1,000 MW in the coming 12 months,” said Mytrah Energy India Chairman Ravi Kailas.
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