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Mytrah, the India-based renewable focused Independent Power Producer, has announced it has signed an INR 8,527.80 million (US$ 137.50 million) long-term loan agreement with an Indian financial institution.
The loan will be used as long-term project finance debt in building 150MW of wind power, which is now fully financed and expected to be on stream in the next 12 months. The company is also announced it has secured the rights to build a 220MW project with the Government of Andhra Pradesh.
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| #15 V162-5.6MW Vestas wind turbines installed in Swifterbant the Netherlands (courtesy Henry Heijting) |
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