Mytrah placed an India-focused subsidiary - Mytrah Energy Limited (MEL) - on the AIM segment of the London Stock Exchange in 2010 raising $80 million from institutional investors such as Capital Group Blackrock and Henderson. Since then it has raised approximately $570 million of mezzanine and senior debt to fund construction of over 500 MW of wind power in India.Mytrah Energy (India) Limited (MEIL) a wholly owned subsidiary of Guernsey based and AIM/LSE listed MEL in India aims to own and operate 5000 MW of renewable power in India.From a standing start in late 2010 MEIL has built a portfolio of over 500 MW of operating wind plants in India with a further 100 MW in 2014. These assets are spread across ten wind farms in six states - Rajasthan Gujarat Maharashtra Andhra Pradesh Karnataka and Tamil Nadu. The company's portfolio was built using a combination of 'turn-key' developers and in-house project development with wind turbines purchased from three leading vendors.MEIL sells power mainly to state grids through 13 to 25 year Power Purchase Agreements. In addition our 100.5 MW project in Tamil Nadu will sell power directly to customers on long-term agreements.MEIL has the largest wind data bank in India being the only independent power producer that has 120 wind masts across the country.The company's sustainable competitive advantage comes from the:Geographical breadth of the portfolio;Customer mix;Multiple counterparties across six states;Project development options including in-house capability;Multi wind turbine vendor approach;Access to proprietary wind data;Large 'shovel ready' project pipeline;Access to financing;Proven track record across the value chain of financing building and operating wind farms..
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Wholesaler
Proprietorship
Bengaluru, Karnataka