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SHIRSENDU KARMAKAR

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NTPC-ONGC green energy joint venture bids $650m for Ayana Renewable Ayana Renewable Power, owned by NIIF, British International Investment Fund and Green Growth Equity Fund, operates solar and wind plants that produce 1,600 megawatts in India and has another 2,500 A joint venture between India's NTPC Green Energy and ONGC Green Energy is the highest bidder for Ayana Renewable Power having bid about $650 million, two people involved in the deal told Reuters. The venture outbid JSW Energy for the renewable energy firm backed by quasi-sovereign wealth fund National Investment and Infrastructure Fund, the people said. Ayana Renewable Power, owned by NIIF, British International Investment Fund and Green Growth Equity Fund, operates solar and wind plants that produce 1,600 megawatts in India and has another 2,500 megawatts in such projects under construction. "After due diligence, NTPC Green Energy and ONGC Green Energy have jointly decided to acquire 100% stake of Ayana Renewable Power through a joint venture company," one of the sources said. ©SHIRSENDU KARMAKAR #NTPC_ONGC

NTPC-ONGC green energy joint venture bids $650m for Ayana Renewable Ayana Renewable Power, owned by NIIF, British International Investment Fund and Green Growth Equity Fund, operates solar and wind plants that produce 1,600 megawatts in India and has another 2,500 A joint venture between India's NTPC Green Energy and ONGC Green Energy is the highest bidder for Ayana Renewable Power having bid about $650 million, two people involved in the deal told Reuters. The venture outbid JSW Energy for the renewable energy firm backed by quasi-sovereign wealth fund National Investment and Infrastructure Fund, the people said. Ayana Renewable Power, owned by NIIF, British International Investment Fund and Green Growth Equity Fund, operates solar and wind plants that produce 1,600 megawatts in India and has another 2,500 megawatts in such projects under construction. "After due diligence, NTPC Green Energy and ONGC Green Energy have jointly decided to acquire 100% stake of Ayana Renewable Power through a joint venture company," one of the sources said. ©SHIRSENDU KARMAKAR #NTPC_ONGC

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Latest Job Vacancies Secure Your Career: Railway Recruitment 2024 It’s late, but not too late to get ahead with RRB NTPC 2024. Join our comprehensive training at Planet Vidya! ©Srinivas #job Latest Job Vacancies Secure Your Career: Railway Recruitment 2024 It’s late, but not too late to get ahead with RRB NTPC 2024. Join our