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Mytrah Energy growing rapidly in India on continued access to new capital

Bob Smith, executive vice president of Mytrah Energy (LON:MYT), says it’s completely focused on India where the renewable energy market is projected to grow to 170 gigawatts over the next five to seven years.  The wind power group has raised US$60mln of new capital in the form of a non-convertible debenture in addition to the recently concluded US$70mln financing.

India's Prime Minister Narendra Modi is committed to renewable energy and Smith says 170 gigawatts is ‘like building Germany three times over in terms of its capacity.’

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Market: AIM
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Capital Network's Stacey: 2017 is the year Mytrah Energy will unlock value

Ed Stacey, analyst at Capital Network discusses the performance, outlook and valuation of India-based renewable energy company  Mytrah Energy. He believes 2017 is the year Mytrah Energy will start becoming more profitable and unlock further value for investors.

on 01/25/2017

2 min read