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News Brief | May 2016

Mytrah Energy secures $175 mn ADB loan

Renewable energy company Mytrah has closed a $175 million Asian Development Bank (ADB) direct loan facility which will help it fund the development of a portfolio of new wind and solar projects. With this loan facility, the Company expects to reach its medium term capacity target of 1000 MW in the coming 12 months.
The Hyderabad-based renewable energy Independent Power Producer said the loan will be provided to the projects individually on a project finance basis and detailed documentation for each is currently under negotiation.
Contact: Mytrah Energy Limited
Tel: +91-40-33760100
Website: www.mytrah.com
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