Mytrah ends year 100MW shy
Mytrah has revealed slower-than-expected progress at three projects, meaning the Indian wind developer will end the year with nearly 100MW less capacity than previously forecast.
In late September, as part of its half-yearly results, the London-listed developer said that construction at its projects was “on track” and would lift its total installed capacity to 548.1MW from 309.9MW by the end of 2013.
Today, however, Mytrah said that it has 459.9MW of capacity in the ground, with commissioning of its Burgula, Savalsang 1 and Vagrarai projects to take place on a “rolling basis” throughout first-quarter 2014.
That timeframe will allow the company “to capture the benefits of the 2014 wind season” on its anticipated 548.1MW portfolio.
No reason was given for the delays.
The three projects represent the first that Mytrah has undertaken on a “self-development” basis.
Mytrah typically employs Suzlon to deliver projects on a turnkey basis, and has a 1GW agreement with the Indian wind-turbine maker running through 2015.
However, the Burgula and Savalsang wind farms are both going up using turbines supplied by Spain’s Gamesa, representing “increased diversification” for Myrtah in the context of its Suzlon deal.
Delhi resurrected India’s Generation-Based Incentive scheme this year to the delight of the country’s wind sector.