National Edu News: Indian Forest Service (Main) Examination-2019 result declared  |  National Edu News: Combined Geo-Scientist and Geologist Examination 2019  |  National Edu News: Multistage selection process for admission to FTII and SRFTI from this year  |  Leadership Instincts: MHRD to partner with Ministry of Parliamentary Affairs for Online Youth Parliame  |  Policy Indications: “Make Innovation a national movement”: IT Minister   |  National Edu News: Over 600 school children to participate in Republic Day Parade 2020  |  Education Information: IIT Madras offers paid internships for non-IITians   |  Teacher Insights: Humans Learnt Dance from the Chimpanzee   |  Teacher Insights: ‘Pani Pahar – the Water Curriculum’ by Cambridge University for Indian students   |  Policy Indications: 73% of Indian curriculum students in Dubai rated 'good' by KHDA   |  Leadership Instincts: CyBOK to ensure best practice in cyber security  |  Policy Indications: University of Bristol invites collaborators for INITIATE  |  Policy Indications: “Our Shared Future” by University of Bath and B&NES Council  |  Education Information: U.S. News & World Report releases 2020 Best Country for Education list   |  Teacher Insights: Industry 4.0 Requires Digital Skills  |  
November 29, 2017 Wednesday 01:39:56 PM IST

Mytrah Energy to add 500-1,000 MW annually

Technology Inceptions

Hyderabad : 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 told media.

"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.


Comments