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Mytrah Energy raises funds for capex plan

Wednesday, 26 Jun 2013
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Mytrah Energy (MEL), a wind energy firm, has raised an additional senior debt of $ 203 million (approx Rs 1,229.77 crore) to finance its capex plan.

 

The company intends to construct 238.2 MW new capacity in Andhra Pradesh, Karnataka and Tamil Nadu. Once these projects are completed, Mytrah will have around 600 MW capacity connected to the grid.

 

The projects are being executed by Mytrah Energy (India) (MEIL), a wholly-owned subsidiary of MEL, based in London.

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