Mytrah Energy (IPO)

Potential IPO: Mytrah Energy, a wind based power producer in India, is evaluating a potential IPO of its wind-power assets as a business trust on SGX. Mytrah Energy is working with financial, legal and other advisors in evaluating the feasibility, optimal structure and timing for the proposed listing. Mytrah Energy currently has 309.9 MW of operational assets and, has plans to increase this to over 600 MW following the completion of its devt pipeline for 2013, and to over 1,200 MW by the end of 2014. Proceeds raised are expected to be used to pay down all or a substantial part of the senior and mezzanine debt of the Company's subsidiary companies in India and to enable the continued rollout of the Company's pipeline, with the target of developing, in aggregate, 1,500 MW of operational assets during 2015. Directors also continue to explore other options such as the securitization of revenue streams from the Company's portfolio.