Mytrah Energy to Set 300MW Wind Project to Power SECI

Mytrah Energy’s winning bid for 300MW of capacity was part of the fourth tranche of SECI ISTS wind reverse auctions in which a total of eleven companies had participated.

Adding weight to its portfolio, Mytrah Energy has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for setting up a 300 MW wind power plant at a site in Coimbatore, Tamil Nadu.

Mytrah Energy’s winning bid for 300MW of capacity was part of the fourth tranche of SECI ISTS wind reverse auctions in which a total of eleven companies had participated.

Significantly, Mytrah Energy had quoted a tariff of Rs 2.52/kwh for its winning bid.

VC & MD, Mytrah Energy, Vikram Kailas said, “This win marks another success in Mytrah Energy’s continuing journey towards building a strong, well-diversified portfolio of wind power assets. We are confident about executing the project in a timely manner using our in-house technology and asset management capabilities to generate meaningful returns for stakeholders. This round of auctions further reinforces the continuing commitment of India’s renewable power sector and helping the country realizes its growth aspirations while also contributing towards a greener tomorrow.”

Also, projects awarded under Tranche IV of SECI auctions have to be commissioned within eighteen months from the effective date of the PPA and not the date of the Letter of Award. Developers have welcomed this change since it aligns more closely with the project execution schedule.