Renewable energy company Mytrah Energy (India) has emerged as one of the winners of the 1,200-MW bid conducted by NTPC Ltd.



Mytrah quoted a tariff of Rs. 2.79 per unit under the reverse e-auction route and won the bid for 300 MW in the first Inter-State Transmission System wind bids conducted by NTPC.



Vikram Kailas, VC & MD of Mytrah Energy, said: “This project is one more milestone in our continuing journey to achieve a robust, well-diversified power generation footprint in the Indian renewable power generation sector.



“It also proves that Mytrah is well positioned to add to its portfolio of assets at competitive tariffs that provide meaningful returns to all its stakeholders.”



Seven companies participated in the reverse auction, submitting bids for a cumulative capacity of 1,750 MW.



The other winners are Srijan Energy Systems with 50 MW at Rs. 2.80, Fasten Power with 50 MW (out of 300 MW) at Rs. 2.83, and Sprng Vasu Vidyut with 200 MW at Rs. 2.77. ReNew Wind Energy at Rs. 2.81 and Hero Wind Energy at Rs. 2.82 won 300 MW each.



The original capacity for the auction was 2,000 MW, which was subsequently reduced to 1,200 MW.



NTPC will issue the letter of agreement by mid-September, followed by the signing of a power purchase agreement. The project shall be commissioned within 18 months from the signing date of the agreement.



Mytrah has over 40 projects (operational and under development) in the wind and solar power segments across nine States with an aggregate capacity of 2.2 GW.



The company also has a portfolio of rooftop solar projects across the country.

here is company details.

 

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