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NTPC, ONGC Bid $650 Million for Ayana Power

November 18,2024

NTPC, ONGC Bid $650 Million for Ayana Power

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NTPC Green Energy and ONGC Green Energy, through a Joint Venture, are the highest bidders for Ayana Renewable Power, offering $650 million. They outbid JSW Energy for the company, which operates Solar and Wind plants producing 1,600 MW in India, with another 2,500 MW under construction. The acquisition aligns with India's Renewable Energy expansion goals.

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