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Ravi Kailas, Chairman and CEO of Mytrah Energy said: `The loan underpins our next 150MW of wind power production in India, taking us to over 690MW. In the past four years, Mytrah has created a business operating 543MW of wind power in six States.
Rohit Phansalkar is a member of the Audit and Nomination committees and is the chair of the Remuneration committee. He was the co-head of the Energy Finance Group at Shearson American Express, Managing Director of Bear Stearns and Managing Director at Oppenheimer & Co. He was also the Founding Chairman of The India Fund.
The loan will be used as long-term project finance debt in building 150MW of wind power, which is now fully financed and expected to be on stream in the next 12 months, ahead of the country`s 2016 wind season.
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