According to reports, Mytrah Energy (India) Limited plans to invest about Rs 2,000 crore in setting up of 300 MW of wind power generation farms by the end of 2014.
Listed on the Alternate Investment Market of London Stock exchange, and based in Hyderabad, Mytrah Energy now has total installed capacity of 310 MW, including 63 MW in Vajrakarur in Anantapur district.
It invested Rs 400 crore for the Vajrakarur project. Another 37.4 MW is under construction in Kurnool and is expected to be commissioned by September 2013.
The company has entered into a MoU with Andhra Pradesh for more projects in the State. The company management plans to have an installed capacity 1000 MW of wind farms in Andhra Pradesh by 2017.
Vikram Kailas, Managing Director of MEIL, in a statement said, “In the next quarter, we expect to commence construction of another 100 MW in Andhra Pradesh. We are in advance stages of approval for a further 100 MW capacity.”
The company will have 300 MW in Andhra Pradesh by December 2014 with an investment of Rs 2000 crore, he said.
MEIL has wind farms across six states and is in the process of further expanding capacity.