ONGC NTPC Green Private Limited completes 100% acquisition of Ayana Renewable Power
Team News Riveting
New Delhi, March 28
ONGC NTPC Green Private Limited (ONGPL), a 50:50 Joint Venture Company of NTPC Green Energy Limited and ONGC Green Limited, has completed the acquisition of 100 per cent equity stake in Ayana Renewable Power Private Limited on Thursday.
Ayana, a leading renewable energy platform, has capacity of approx. 4112 MW (2123 MW of operational and 1989 MW under-construction assets), strategically located across resource-rich states. Its portfolio is backed by high-credit-rated off-takers such as SECI, NTPC, GUVNL, and Indian Railways.
With this acquisition, the total operating capacity of #NTPCGreen Energy Limited reaches 5.9 GW, including its subsidiaries & JVs, as on date.
