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Hyderabad-based power producer Mytrah Energy (India) Ltd said on Thursday it will raise up to $175 million (Rs 1,164 crore) in loans from the Asian Development Bank to fund its wind and solar projects.
“This loan facility underpins our growth plan; the company expects to reach its medium term capacity target of 1000 MW in the coming 12 months,” said Ravi Kailas, chairman, Mytrah Energy.
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Mr. Rohit Kumar Phansalkar is Independent Non-Executive Director at Mytrah Energy Ltd., Chairman & Chief Executive Officer at RKP Capital, Inc., and Independent Director at Mytrah Energy (India) Ltd. He is on the Board of Directors at Mytrah Energy Ltd. and Mytrah Energy (India) Ltd.