Mytrah Energy raises $60 million from Merrill Lynch, Aion Direct

HYDERABAD: Mytrah Energy, a renewable energy-focused independent power producer, has raised a capital worth USD 60 million through non-convertible debenture from Merrill Lynch International and Aion Direct Singapore.

Together with the cash flow from existing 543 MW operating portfolio and the recently concluded USD 70 million financing, this new capital provides all of the equity required to take Mytrah Energy’s generating capacity beyond 1000 MW, the company said in a statement.

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Amit Antil

After doing Power Management (MBA) from National Power Training Institute (NPTI), Amit Antil is now presently working with Today Green Energy Pvt. Ltd. and looking after business development activities for Solar. Earlier he was associated with leading power trading company Global Energy for 3 years. He has a sound knowledge about bidding, power trading, open access, REC trading, Govt. Liaisoning, Contract Negotiation, Power Purchase Agreement.

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