{"id":79156,"date":"2016-08-04T11:40:24","date_gmt":"2016-08-04T11:40:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=79156"},"modified":"2016-08-04T11:40:24","modified_gmt":"2016-08-04T11:40:24","slug":"ge-to-invest-31-mn-in-mytrahs-wind-power-project-in-ap","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ge-to-invest-31-mn-in-mytrahs-wind-power-project-in-ap\/","title":{"rendered":"GE to invest $31 mn in Mytrah&#8217;s wind power project in AP"},"content":{"rendered":"<p>GE Energy made its second investment in the Indian renewable space by investing $31 million in Mytrah Energy (India) Private Limited. Earlier it has invested $24 million in Welspun Renewable to fund its solar power project.<\/p>\n<p>The latest investment was made in Mytrah Vayu (Tungabhadra) Private Limited, which is a subsidiary of Mytrah Energy. The investment was made by the Guayama P R Holdings BV, an investment vehicle of GE Energy Financial Services.<\/p>\n<p>The investment would support the development of a 200 MW wind energy project in Andhra Pradesh. GE will invest up to 49% of the capital of MVTPL. <\/p>\n<p>\u201cAttracting investment from GE is a huge endorsement of Mytrah\u2019s operations and its growing position in India\u2019s power market, and we are delighted to have successfully completed this fund raising,&#8221; said Ravi Kailas, Chairman and CEO, Mytrah Energy Ltd. <\/p>\n<p>He said the company is on track to reach 1,000 MW operating capacity by mid-2017. &#8220;These new funds will help to maintain positive momentum as we enter the next development stage and support the construction of a major power project,&#8221; said Kailas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GE Energy made its second investment in the Indian renewable space by investing $31 million in Mytrah Energy (India) Private Limited. Earlier it has invested $24 million in Welspun Renewable to fund its solar power project. The latest investment was made in Mytrah Vayu (Tungabhadra) Private Limited, which is a subsidiary of Mytrah Energy. The investment was made by the Guayama P R Holdings BV, an investment vehicle of GE Energy Financial Services. The investment would support the development of a 200 MW wind energy project in Andhra Pradesh. GE will invest up to 49% of the capital of MVTPL. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-79156","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/79156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=79156"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/79156\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=79156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=79156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=79156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}