Mytrah Energy Acquires 59.75MW in Wind Power Assets

Mytrah Energy said it has agreed conditional terms to acquire 59.75MW of existing operational wind power assets in the Indian states of Tamil Nadu and Maharashtra. These assets, which have an average age of under 12 months, comprise turbines from Gamesa, ReGen and Enercon.

The proposed acquisition has enabled Mytrah Energy to better optimize the use of its development budget and cash resources, by allowing an increase in its total asset base to 370 MW from the previously expected 334 MW going into the 2013 wind season.

The effect of the proposed acquisition will result in Mytrah Energy having more operational assets throughout the 2013 wind season than forecast in December 2012 whilst still anticipating a total of over 600 MW fully connected and operational assets in 2013.