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Mytrah Energy secures loan from ADB

Tuesday, 12 Apr 2016
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Mytrah Energy has secured a loan of up to USD 175 million from the Asian Development Bank (ADB) to help fund the development of the India-based renewable power company's wind and solar projects.

With this loan facility, the company is expected to reach its medium-term capacity target of 1,000 MW in the coming 12 months.

Separately, the group has entered into a contract with Zhejiang-China based solar products company Risen Energy Company to acquire up to 175 MW of solar PV modules.

 
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