Home News Industry News Mytrah Energy inks pacts for Rs 13,000 crore renewable projects in Andhra...

    Mytrah Energy inks pacts for Rs 13,000 crore renewable projects in Andhra Pradesh

    Mytrah Energy
    Mytrah Energy

    Mytrah Energy said it has signed pacts for 2,000 MW of renewable power projects worth Rs 13,000 crore in Andhra Pradesh.  The MoUs were inked in the presence Chief Minister, N. Chandrababu Naidu on January 28 at the Partnership Summit held in Visakhapatnam.  The MoUs are for 1,000 MW of wind power and 1,000 MW of solar power projects.  These projects will involve a total investment of Rs 13,000 crore and will create employment for 4,000 skilled and unskilled workers.  These projects will be spread across eight districts of Andhra Pradesh, of which five districts will be evaluated for wind power opportunities for the very first time.  Mytrah is planning to implement and execute the projects within three years from the date of getting all statutory clearances from the state government.  Upon commissioning of all the assigned projects, Mytrah will become the state’s largest renewable independent power producer (IPP). Andhra Pradesh government has targeted to add 18,000 MW capacity renewable power projects by 2021-22, which is 10 per cent of the national target.

    Source: economictimes.indiatimes.com

    Image source: LinkedIn


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