Mytrah Energy, a renewable energy independent power producer (IPP), has successfully commissioned three solar projects in the state of Karnataka.
Each of the three projects have a capacity of 15 MW and are located in the Karnataka towns of Raibag, Hungund, and Sindagi.
Confirming the development, Mercom’s source at Mytrah Energy said, “The Raibag project was commissioned at the end of January 2018, while the other two projects were commissioned last month (February 2018).”
Mytrah won a bid to develop the projects by quoting an average tariff of ₹5.5 (~$0.08)/kWh. The projects were implemented under Phase V of the Karnataka state policy under the general category.
Bangalore Electricity Supply Company (BESCOM) is the off-taker for the power produced by the Sindagi project while Hubli Electricity Supply Company (HESCOM) and Gulbarga Electricity Supply Company (GESCOM) are the respective off-takers for the Hungund and Raibag projects.
Mercom’s India Solar Project Tracker shows that Mytrah has a 422 MW solar portfolio, including 242 MW of operational projects and another 180 MW of projects nearing completion.
According to Mercom’s 2017 Q4 and Annual India Solar Quarterly Market Update, Telangana and Karnataka together accounted for approximately 1.6 GW of installations in India during the fourth quarter of 2017.
Mercom previously reported that solar installations across India rose exponentially during the calendar year 2017, with the addition of 9,629 MW in new large-scale and rooftop solar capacity.
However, policy uncertainties surrounding the proposed safeguard and anti-dumping duties are testing the will of foreign companies to invest in the Indian solar sector. The lack of regulatory clarity has Mercom forecasting that Indian solar installations will decline in 2018 compared to 2017.
Image credit: MMEPL Solar
Ankita is an editor at MercomIndia.com where she writes and edits clean energy news stories and features. With years of experience in the news business, Ankita has a nose for news and an eye for detail. Prior to Mercom, Ankita was associated with The Times of India as a copy editor for the organization’s digital news desk. She holds a Bachelor’s degree in Psychology from Delhi University and a Postgraduate Diploma in journalism. More articles from Ankita Rajeshwari.