Mytrah has built an operational renewable energy portfolio of around 1,600MW and plans to reach 2,000MW in four months. Ltd is in talks with potential investors to raise $500 million by selling a stake in the company. “We will raise growth capital,” Vikram Kailas, vice-chairman and managing director of Mytrah Energy, said in an interview. Kailas, who co-founded the renewable energy firm, said Mytrah Energy was in talks with large funds, but did not name them. They are people who don’t want a quick exit.”There is growing overseas interest in India’s clean energy programme, with the government targeting 175 gigawatts (GW) of clean energy capacity by 2022.

Source: Mint March 11, 2018 18:33 UTC