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Mytrah Energy reports $362.23 mn in revenue
Mytrah Energy Ltd, announced results for the year ended December 31, 2016. The company reported full year revenues of $362.23 million, an increase of 385 per cent, over last year’s revenue of $74.72 million. The increase is due to a combination of higher revenue from power generation and inclusion of construction revenue.
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Rahul Mishra appointed CEO of Rays Future Energy India Pvt. Ltd
Rays Power Infra Pvt Ltd, has appointed Rahul Mishra as CEO to lead new business initiatives under Rays Future Energy India Pvt. Ltd, which will be focusing on distributed solar generation including rooftop solutions, energy storage, e-vehicles, associated infrastructure and solar products.
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Competitive bidding a blow for wind power sector
CRISIL Research believes the advent of competitive bidding in wind power would change the market landscape and lead to a sharp reduction in tariffs, put pressure on returns across the value chain, and lead to consolidation of the market towards independent power producers.
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India's wind power capacity crosses 32 GW | IWTMA
Industry body Indian Wind Turbine Manufacturers Association (IWTMA) said the wind power generation capacity in the country has crossed the 32 GW mark. However, according to the Central Electricity Authority's (CEA) monthly report for March 2017, the installed wind power generation capacity is around 28.7 GW, lower than the ITWMA estimates.
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IWTMA express need for more policies in Rajasthan
The apex body in wind sector, Indian Wind Turbine Manufacturers Association (IWTMA) addressed the media to discuss the wind power development in Rajasthan. In the year 2015-16, Rajasthan installed 688 MW and the current total installation is 4,237 MW till January 2017. The wind sector expressed confidence of growth of wind energy in the state.
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