Mytrah Energy aims at being the largest wind energy company in India

Renewable energy generation company, Mytrah Energy (India) Ltd, is set to augment capacity of about 150 MW through two wind farms in Andhra Pradesh and 250 MW more in Rajasthan, Karnataka and Maharashtra,taking the installed power generation capacity up to 500 MW by June 2012.

“Once installed, this will make us the largest wind energy company in the country with a total capacity of 500 MW up from 100 MW now,” said Mr Vikram Kailas, Managing Director of Mytrah Energy, an Alternative Investment Market,London-listed entity

In Andhra Pradesh, the company is investing Rs 900 crore for 150 MW. The company currently has an installed capacity of about 100 MW of wind energy, including Rajasthan (42 MW), Maharashtra (39 MW) and Gujarat. It is at an advanced stage of setting up of two farms in Kurnool (80 MW) and Anantapur (65 MW), the latter at Vajrakayur and more farms in Rajasthan, Karnataka and Maharashtra.

“We have requested the Andhra Pradesh Government to increase the tariff for wind energy farms from Rs 3.50 per unit to Rs 4.50 per unit, which makes it financially viable for wind energy operators. This is necessary to complete the ongoing projects in Andhra Pradesh, whose schedule for implementation is June 2012,” he said. The installation cost per MW of wind farm averages Rs 6-7 crore depending upon the location. A tariff of about Rs 4.50 per unit is ideal. Such a tariff is necessary to ensure more projects come up in the country, he added.

The company has signed up with the Andhra Pradesh Government for 2,800 MW over seven years with a total outlay of Rs 17,500 crore. Earlier, known as Caparo Energy, Mytrah has secured funding from IDFC and others for wind energy capacity of about 700 MW.
Wind Power | News published on 25/01/2012 by Moulin

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