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Mytrah Energy bags 100-Mw wind power project in Maharashtra

New Delhi: Independent power producer Mytrah Energy (India) (MEIPL) on Tuesday announced it has bagged a contract for setting up a 100-Megawatt (Mw) wind power project from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) through competitive bidding.

Six companies had participated in the reverse bidding collectively submitting quotes for a cumulative capacity of 821.8 Mw. The bidders were given a choice to reduce the quoted capacity during re-auction. During the e-auction, Mytrah quoted a tariff of Rs 2.86 for 200 Mw capacity and won the bid for a capacity of 100 Mw to supply power to the discom.

Other winners in the e-auction included Adani Green Energy and KCT Renewable Energy Pvt Ltd, each with 75 Mw at a tariff of Rs 2.85 per unit; Inox Wind with 50 Mw capacity; Hero Wind Energy Pvt Ltd with 75.6 Mw at Rs 2.86; and Torrent​ Power which bid for 146 Mw but was awarded 124.4 Mw capacity at Rs 2.87 per unit.

The auction was conducted to seek bids to procure 500 Mw wind power supply from bidders based on a tender issued on 21 December, 2017. MSEDCL issued the Letter of Award on 28 June, 2018, followed by the signing of Power Purchse Agreement (PPA) on 16 July. The project is expected to be commissioned within 18 months from the date of execution of PPA.

Mytrah Energy has a portfolio of over 40 operational and under-development power projects across nine states in the country with an aggregate capacity of 2,000 Mw.