Schedule a Call Back
Hyderabad, August 04, 2016: Mytrah, the India-based renewable focused Independent Power Producer, has announced that Mytrah Vayu (Tungabhadra) Private Limited (MVTPL), which is a 99.99% subsidiary of Mytrah Energy (India) Private Limited (MEIPL), has entered into a definitive agreement with Guayama PR Holdings BV, an investment vehicle of GE Energy Financial Services (GE), whereby GE has agreed to invest up to USD 31 million in MVTPL to support the development of a 200 MW wind energy project in Andhra Pradesh. GE will invest up to 49% of the capital of MVTPL.
Commenting on the update, Ravi Kailas, Chairman and CEO, Mytrah Energy Ltd. said: “Attracting investment from GE is a huge endorsement of Mytrah’s operations and its growing position in India’s power market, and we are delighted to have successfully completed this fund raising. With the Company on track to reach 1000 MW operating capacity by mid-2017, these new funds will help to maintain positive momentum as we enter the next development stage and support the construction of a major power project.”
Mytrah Energy is a pioneer and one of India’s largest Independent Power Producers in renewable energy with 15 projects across 8 states and has over 200 wind masts installed across multiple states in India. As India’s Smart Utility, Mytrah through a diversified renewable energy portfolio leverages its robust end-to-end capabilities in generating renewable energy for its projects in India.
Welding fume production can be significantly reduced through the targeted selection of welding process, wire speed, and arc length.
Read moreAn analysis reveals that out of over 30 EV-related job categories, only a third require skills similar to those in the ICE sector.
Read moreThe drylin ZLX series is suitable for all handling tasks up to a stroke length of 3,500mm and is available ready for connection.
Read moreCharun instruments offers float indicator, which is used for fluid level measurement in several industries.
SM Systems offers 10 amp digital low resistance ohm meter,
which is used in various sectors for different kinds of measurement purposes.
Toshiba Machine (Chennai) Pvt Ltd
offers blending units.
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
Hi There!
Now get regular updates from IPF Magazine on WhatsApp!
Click on link below, message us with a simple hi, and SAVE our number
You will have subscribed to our Industrial News on Whatsapp! Enjoy
Schedule a Call Back