Mytrah to invest Rs 21,000 cr in 3 years
Hyderabad-based renewable energy company Mytrah Energy Limited which has 2 GW of operating and under-construction capacity. The company plans to invest around Rs 18,000-Rs 21,000 crore in the next three years (at a rate of Rs 6,000-Rs 7,000 crore year-on-year) in wind and solar power.
The company will focus developing a technology bone, particularly artificial intelligence, for predictive analysis and forecasting and efficient running of win assets. The wind power turbines throw up 300 data points every 10 seconds and using this data, Mytrah wants to come out with the best settings. This tool will be an integral part of the company’s offerings.
The company has 16 operational wind power projects across eight Indian States including Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka and Tamil Nadu with an aggregate capacity of 1,000 MW.
Mytrah also has the largest wind data bank in India for about 15,000 GW for wind power, being the only independent power producer with over 200 wind mast locations across the country. In addition to growing its wind power business, the company is also developing its presence in solar power with power purchase agreements (PPAs) signed for 422 MW in Telangana, Punjab and Karnataka and has started construction works at several sites in Telangana and Punjab.