UPDATED 05.28PM IST

Share This
  • UK |
  • India |
  • USA |
  • Canada |
  • Mauritius
  •    info@mayatoday.com
Deepak Dogra
  • ad
  • ad
  • ad
  • ad
  • ad
  • ad
  • ad
  • ad
  • ad
  • ad

Mytrah Energy to add 500-1,000 MW annually

  • Mytrah Energy to add 500-1,000 MW annually

Renewable energy company Mytrah plans to add 500 MW to 1,000 MW every year of wind and solar power, a top company official said.

Mytrah's current portfolio of 2,000 MW should be fully operational within the next few quarters, Vikram Kailas, Chief Executive Officer of Mytrah Energy .

"The exact amount of capacity we sign up for will depend on the kind of opportunities that present themselves. We have always believed that each project that we take up should be independently viable. We will continue to use the same yardstick going forward even if this results in lower capacity addition in a given year," he said.

The firm, listed on the AIM of London Stock Exchange, has 1,500 MW of projects in wind and 500 MW in solar. The company had forayed into solar about two years.

The company will remain equally focussed on wind and solar energy."We may end up doing more wind projects in one year and more solar projects in another depending on where the opportunities present themselves," he said.

He believes the Indian renewable power sector is going through an interesting phase."The sector has seen a dramatic fall in prices over the last few years culminating in the sub-Rs 3 tariffs in auctions held a few months ago. This meant that the industry had reached a stage where tariff for renewable power was clearly lower than for power produced from coal, gas and other conventional sources," said Vikram.He is of the view that recent SECI bid for 5MW project indicates that the sector is maturing.The current year has seen a dramatic slowdown in the commissioning of new wind capacity."However, these are minor blips on a path with a clear, upward trajectory. We are very confident about the long-term prospects of the Indian renewable power sector," he said.

Kailas will be speaking at Global Entrepreneurship Summit (GES) at a session titled 'Getting on the Grid' which will focus on providing energy solutions to communities living off the grid.

 


: November 29, 2017 12:20 pm
Read 149 times

RELATED STORIES

Twitter is part of net neutrality problem, says FCC's Ajit Pai
Twitter is part of net neutrality problem, says FCC's Ajit Pai

Following a letter in which Twitter along with others had asked US Federal Communications Commission

Mytrah Energy to add 500-1,000 MW annually
Mytrah Energy to add 500-1,000 MW annually

Renewable energy company Mytrah plans to add 500 MW to 1,000 MW every year of wind and solar power,

Shopmatic, Godaddy announce strategic alliance for seamless connect
Shopmatic, Godaddy announce strategic alliance for seamless connect

  Singapore-based e-commerce company Shopmatic on Tuesday announced its strategic partners

Lenovo tops Indian tablet market with 94% growth
Lenovo tops Indian tablet market with 94% growth

While the Indian tablet PC market recorded a 4 per cent decline (Year-on-Year) in the third quarter

Indices maintain upward trajectory, gain for 8th consecutive session
Indices maintain upward trajectory, gain for 8th consecutive session

.Continuing with their upward trajectory, the key indices of the Indian equity markets -- the S&

RIL sells stake in US Marcellus shale assets to BKV Chelsea for $126 mn
RIL sells stake in US Marcellus shale assets to BKV Chelsea for $126 mn

Reliance Industries (RIL) on Friday announced that a subsidiary of its Reliance Holding USA has clos

JAM trinity helped government save $10 bn leak: Modi
JAM trinity helped government save $10 bn leak: Modi

Prime Minister Narendra Modi on Thursday said it must be ensured that digital space doesn't beco

Samsung second largest smartphone brand in UK market
Samsung second largest smartphone brand in UK market

While Apple led the UK smartphone market with just over 34 per cent market share despite sales decli

Comment*

Captcha* mayatoday
share on facebook
Advertisement
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner
  • banner