GE to invest up to $31 m in wind project in AP.

GE Energy Financial Services will invest up to $31 million in a subsidiary of independent power producer Mytrah and thus support development of a 200 MW wind energy project in Andhra Pradesh.

Mytrah Vayu (Tungabhadra) Pvt. Ltd. has entered into a definitive agreement with Guayama P.R. Holdings B. V., an investment vehicle of GE Energy Financial Services in this regard. Announcing this on Thursday, the IPP with focus on renewable energy said that GE has agreed to invest $ 31 million in MVTPL to support the development of a 200 MW wind energy project in Andhra Pradesh. GE will invest up to 49 per cent of the capital of MVTPL.

THE HINDU