Mytrah Energy Set to Double Wind Power Generation by 2018
Mytrah Energy Limited, a key player in wind energy space, has plans to invest Rs 30,000 crore in the medium term to build 5000 MWs in India by 2018. ?
“We have already invested about Rs 2,400 crores in our current projects and estimate to invest a further Rs 2,000 crores in the current year. Our medium term investment is expected to be in the range of Rs 30,000 crores to build 5000 MW in India,” Ravi Kailas, Chairman and CEO of Mytrah Energy Limited, said here today.
The company currently has an installed capacity of about 316 MWs and it is likely to go up to 610 MW by middle of next year, he said.Founded in October, 2010, the London Stock Exchange-listed company has an operational capacity of 316-Mw in seven sites. It plans to take this to 600 Mw by investing Rs 2,000 crore in the next couple of years. The company expects to achieve a 16% return on equity over a period of 25 years of plant life where the wind farm output is typically based on a 25-26 per cent plan load factor (PLF).