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Hyderabad-based power producer Mytrah Energy (India) Ltd said on Thursday it will raise up to $175 million (Rs 1,164 crore) in loans from the Asian Development Bank to fund its wind and solar projects.
“This loan facility underpins our growth plan; the company expects to reach its medium term capacity target of 1000 MW in the coming 12 months,” said Ravi Kailas, chairman, Mytrah Energy.