Mytrah gears to become largest IPP
New Delhi, Feb 11 : Mytrah Energy (India) Limited (MEIL) on Monday said it has geared to become the largest wind based Independent Power Producer (IPP) in India by installing a capacity of 310 MW of power from wind assets.
In Andhra Pradesh, the company has a total capacity of 63 MW of wind assets in Vajrakarur in Anantapur district. Over Rs 400 crore has been invested for the project in Vajrakarur.
A capacity of 37.4 MW in Burgula in Kurnool district is under construction and is expected to be commissioned by September 2013.
MEIL has entered into a MoU with the government of Andhra Pradesh for assessing wind potential in new sites.
By 2017, Mytrah said it aims to have an installed capacity of 1000 MW in Andhra Pradesh.
Vikram Kailas, MD, MEIL, said, "It is a proud moment for us at Mytrah. Within just two years of our inception, we have become the largest Independent Power Producer in Andhra Pradesh."
"In the next quarter, we expect to commence construction of another 100 MW in Andhra Pradesh. Also, we are in advance stages of approval for a further 100 MW. Including the 100 MW which is in advance stages of approval, we expect to have a cumulative of 300 MW commissioned in Andhra Pradesh by December 2014.
"This will involve an investment of over Rs 2000 crore in the state of Andhra Pradesh, which is the largest investment by an IPP in this state," he said.
MEIL has wind farms across six states - Andhra Pradesh, Rajasthan, Gujarat, Maharashtra, Tamil Nadu and Karnataka.
The company has a total capacity of 210 MW across eight wind farms in Kaladonger as well as Mokal, Rajasthan; Chakla, Maharashtra; Jamanwada as well as Mahidad in Gujarat.
The other projects in pipeline are Vagarai in Tamil Nadu, Savalsang in Karnataka and Gotne in Maharashtra.
Mytrah Energy (India) Limited (MEIL) is one of the largest Independent Power Producers in India.
MEIL is a wholly owned subsidiary of Mytrah Energy Limited (MEL), based in London.