The newly launched private InvIT that is co-owned by the Piramal Group and Canadian pension fund CPPIB seems keen on buying operational renewable power projects of Mytrah Energy, making the potential acquisition the first set of assets for the newly launched fund. In 2017, Piramal had provided loans worth $277Continue Reading
Mytrah Energy has entered into a Power Purchase Agreement(PPA) with Solar Energy Corporation of India (SECI) for setting up a 300 Megawatt (Mw) wind energy project in Tamil Nadu. The project is slated to be set up in the Coimbatore district of the state. Mytrah Energy’s winning bid for 300Continue Reading
Small to mid-sized renewable energy (RE) companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond markets, low tariffs and high debt besetting the sector. With many smaller operators offering themselves for sale, the number ofContinue Reading
Suretech Hospital and Research Centre, a nursing training institute in Nagpur, Maharashtra which use to run an electricity bill of close to Rs 15 lakh annually, based on the current tariff, approached Mytrah Energy (India) Pvt. Ltd for rooftop solar installation. Mytrah Energy here announced the completion of the 103.5kWpContinue Reading
Canada Pension Plan Investment Board (CPPIB) is proposing to invest in Mytrah Energy (India) Pvt. Ltd which will enable it to repay a $277 million debt it had raised from the Piramal Group. Canadian pension fund CPPIB is expected to invest at least $500 million in Mytrah. Mytrah has beenContinue Reading
In order to meet its renewable energy obligations set by the Centre, Kerala State Electricity Board (KSEB) is considering to buy solar power directly from the people. For this purpose it will be launching a tender for buying 200MW of solar power at a maximum price of Rs 3.5 perContinue Reading
Mytrah Energy (India) Pvt Ltd, the Hyderabad-based renewable energy company, has bagged an order for the development of 100 MW wind power project for the Maharashtra State Electricity Distribution Co Ltd (MSEDCL). The company quoted a tariff of ₹2.86 under the reverse e-auction for 200 MW capacity and won theContinue Reading
One of the largest Indian renewable power producers with a 3.92 GW capacity, Hyderabad-based Mytrah Energy Ltd plans to raise around Rs 130 billion, including Rs 26 billion in green bonds, over the next two years. Though the company is looking to raise funds only in the domestic market, itContinue Reading
