Mytrah said the new capital, in conjunction with $70m of financing nailed down in November and the income from its 543MW operating portfolio, gives it the firepower to achieve its aims.
The latest backing – raised from Merrill Lynch International and Aion in the form of a non-convertible debenture – will be used to refinance existing loans and fund development of new projects.
Mytrah – which operates its plants as an independent power producer – has quickly emerged as a key player in the Indian wind market.
It
