Mytrah Energy India has bagged an order for the development of 100 MW wind power project for the Maharashtra State Electricity Distribution (MSEDCL) through the competitive bidding.
Mytrah has quoted a tariff of Rs 2.86 under the reverse E-Auction for 200MW capacity and won the bid for a capacity of 100 MW in Maharashtra to supply power to the MSEDCL.
“Our most recent win at MSEDCL demonstrates Mytrah’s renewable energy capabilities that will serve the increasing need for renewable energy in India,” Vikram Kailas, co-founder, vice chairman and managing director of Mytrah Energy, said.
Six companies participated in the reverse bidding, submitting quotes for 821.8MW capacity. The bidders had the choice to reduce the quoted capacity during the re-auction.
Other winners are Adani Green Energy and KCT Renewable Energy, each with 75 MW at INR 2.85, Inox Wind with 50 MW of capacity, Hero Wind Energy with 75.6 MW all three at INR 2.86 and Torrent Power, which bid for 146 MW but was awarded 124.4 MW of capacity at INR 2.87.
The auction was conducted to seek bids to procure 500MW wind power supply from bidders post releasing a tender on 21 December 2017. The project shall be commissioned within 18 months from execution of power purchase agreement.
Mytrah Energy India has over 40 operational and under-development power projects across 9 states such as Punjab, Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka and Tamil Nadu with an aggregate capacity of 2000MW.