Indian firms NTPC and ONGC win bid for Ayana Renewable Power for $650M, outpacing JSW Energy.
A joint venture between India's NTPC Green Energy and ONGC Green Energy has won the bid for Ayana Renewable Power with an offer of about $650 million. Ayana Renewable Power, backed by several international funds, operates solar and wind plants producing 1,600 megawatts, with another 2,500 megawatts under construction. The bid beat out competition from JSW Energy.
November 15, 2024
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