Mytrah Surpasses Wind Capacity Target For 2016 Season

now viewing

Mytrah Surpasses Wind Capacity Target For 2016 Season

May 17, 2016 Anand Gupta

now playing

Southern Railways invites bids for 1.2 MW rooftop solar projects -EQ

May 17, 2016 Anand Gupta

Solar-wind hybrid power plant installed in Arunachal

now playing

RfS for selection of WPD for setting up of 600 MW ISTS connected Wind Power Projects in India under TBCB - EQ

May 17, 2016 Anand Gupta

now playing

Jindal Stainless commits to science-based targets for achieving net zero -EQ

May 17, 2016 Anand Gupta

NTPC ranked as the top Independent Power Producers and Energy Traders Globally by S&P Platts

now playing

NGEL and ITL join alliance for green energy advancement - EQ

May 17, 2016 Anand Gupta

now playing

Inox Wind secures 210 MW wind power project from Hero Future - EQ

May 17, 2016 Anand Gupta

now playing

Amara Raja Infra Wins Greenko’s 700MWp Solar Project -EQ

May 17, 2016 Anand Gupta

now playing

PSU stock in focus after forming a JV with Assam Govt to generate renewable energy - EQ

May 17, 2016 Anand Gupta

Petition of BERC (RPO, its Compliance and REC Framework) Regulations, 2010

now playing

Petition for "Formulation of Regulations and Determination of Tariff for Green Energy Open Access Consumers" - EQ

May 17, 2016 Anand Gupta

Order- Seeking for the Condonation of Delay of 273 days in filing the Appeal as against the Impugned Order by CERC

now playing

Petition for Adoption of Tariff for procurement of 1200 MW power from ISTS-Connected Solar PV Power Projects in India - EQ

May 17, 2016 Anand Gupta

now playing

MSEDCL Issue Tender for Long Term bids for Procurement of 1.6 GW Coal Based Power Project and 5 GW Solar Project through Tariff based bidding process - EQ

May 17, 2016 Anand Gupta

Mytrah, the India-based renewable focused Independent Power Producer, is pleased to announce that an additional 210 MW has been commissioned at its Vajrakarur 2, Nidhi and Nazeerabad projects, increasing the Company’s operating wind portfolio to 826.4 MW at the start of the 2016 wind season, 83 MW ahead of the Company’s initial target.

Mytrah is also pleased to report that extensive progress has been made on additional wind project construction, with 90 MW erected and expected to be commissioned later this year, and a further 87 MW planned before mid-2017, taking capacity to 1000 MW.

In addition to the wind capacity expansion, development of the Company’s solar pipeline continues, with PPAs now signed for all 377 MW in Telangana and Punjab and a further 45 MW won in the recent Karnataka allocation.

The table below provides further detail on the progress of Mytrah’s new wind projects.

Project	Capacity	Substation Progress	Export Line Progress	Wind Turbine Progress
Vajrakarur 2	105 MW	Complete & Charged	Complete & Charged	50 turbines erected and revenue generating
Nazeerabad	65.1 MW	Complete & Charged	Complete & Charged	31 turbines erected and revenue generating
Nidhi Wind Farms	62.9 MW	Complete & Charged	Complete & Charged	37 turbines erected and revenue generating
90 MW erected	90 MW	Complete & Charged	Complete & Charged	Erection of turbines complete, commissioning in early stage
Additional 87 MW in construction	Target commissioning mid-2017	50% Complete	50% Complete	Foundation construction and turbines erection in progress

Commenting on the update, Ravi Kailas, Chairman and CEO, Mytrah Energy Ltd. said:

“I am delighted that we have commenced the 2016 wind season with 826.4 MW of operating wind assets. Mytrah has added 283 MW of wind capacity over the last 12 months – well ahead of our initial 200 MW target.

“We have excellent operational momentum now in both wind and solar which is developing Mytrah into a well-diversified renewable energy business. With the additional capacity in place Mytrah is in a strong position to meet its overall targets for 2016.”