Mytrah Energy raises $60m to boost generating capacity

16th Apr 2015 16:24

India-based renewable power group Mytrah Energy has raised $60m of new capital to help take its generating capacity beyond 1000MW.The new funds, in the form of a non-convertible debenture, combine with cash flow from Mytrah's existing 543MW operating portfolio and a recently-concluded $70m financing.Chairman and chief executive Ravi Kailas said: "In four years, thanks to the support from our enthusiastic partners and an entrepreneurial team, our business has grown from an idea to 543MW of operating capacity, with a future project pipeline of 3500MW."The stock was down 2.1% at 69p on Thursday.