Mytrah Energy Limited,a key player in wind energy space,has plans to invest Rs 30,000 crore in the medium term to build 5000 MWs in India by 2018. "We have already invested about Rs 2,400 crores in our current projects and estimate to invest a further Rs 2,000 crores in the current year. Our medium term investment is expected to be in the range of Rs 30,000 crores to build 5000 MW in India," Ravi Kailas,Chairman and CEO of Mytrah Energy Limited,said here today. The company currently has an installed capacity of about 316 MWs and it is likely to go up to 610 MW by middle of next year,he said. "We currently have an installed capacity of about 316 MW and another 24 MW is expected to come on line in the next few weeks. That takes it to about 340 MW. We are adding another 270 MW in this year for which development is already at an advanced stage,that will take us to about 610 MW by middle of next year," he said. Noting that the company is well-positioned within the renewable energy space in the country at present,he said it would emerge as a key player in the years to come in view of the advantages it enjoys. "I believe that we have designed our company with a view to be sustainable in the long run. Because,we,not only have access to turbines at a competitive price and in scale and over time,we also have one of the best execution and development teams in India. We also have access to funding to allow us to build these projects," Kailas said. "We also have access to a large development portfolio of locations where we set up these turbines and information to determine which are the best sites for us. So,taking these four aspects into account,I believe that we are well positioned to be one of the key players in wind energy space for years to come," he said.
