GE to invest up to $31 m in Mytrah wind project – Feedback

GE has decided to invest up to $31 million in Mytrah, the renewable energy focussed independent power producer, to support a 200 MW wind energy project in Andhra Pradesh.

As per an agreement, Mytrah Vahu (Tungabhadra) Private Ltd (MVTPL), a subsidiary of Mytrah Energy India, has tied up with Guayama PR Holdings BV, an investment vehicle of GE Energy Financial Services. Accordingly, GE has agreed to invest up to 49 per cent of the capital of MVTPL. Commenting on the update, Ravi Kailas, Chairman and CEO, Mytrah Energy, said: “Attracting investment from GE is an endorsement of Mytrah’s operations and its growing position in India’s power market.

http://www.thehindubusinessline.com/todays-paper/tp-news/ge-to-invest-up-to-31-m-in-mytrah-wind-project/article8944809.ece

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