Mytrah looks beyond delays to plan next 270MW of Indian wind

Mytrah Energy – one of the most ambitious wind developers active in India – claims to be making solid progress, despite delays and changes of plans in a market “where identifying and executing projects with attractive returns is becoming an increasingly difficult task”.

Mytrah has 316MW of capacity installed at seven projects in India, leaving it slightly behind the 337MW it forecast during its last update to investors in May. It expects to add another 24MW by the end of this year.

The UK-listed group remains well shy of the 400MW mid-2012 forecast it gave in March.

Despite this, Mytrah’s chief executive Ravi Kailas claims that the “slight delay in commissioning some of our assets” is offset by the better-than-expected operating performance of the wind farms it has in place.

Kailas says the revenue generated by the…

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