News

Project

Staff Reporter

, India

Published:

2 days ago

120 views

Photo by Pixabay via Pexels

ONGC NTPC Green completes Ayana acquisition

This expands NGEL’s renewables capacity to meet its 2032 goal.

The joint venture company of NTPC Green Energy Limited (NGEL) and ONGC Green Limited has completed its acquisition of 100% equity stake in Ayana Renewable Power Private Limited.

In a statement, NGEL said the acquisition by ONGC NTPC Green Private Limited (ONGPL) was valued at INR 6,248.50 crore.

Ayana is a renewable energy platform that hash a capacity of around 4,112 megawatts (MW) across India. Its portfolio is backed by high-credit-rated off-takers such as SECI, NTPC, GUVNL, and Indian Railways.

The acquisition now makes Ayana a wholly owned subsidiary of ONGPL. The transaction will also expand NGEL’s capacity in the renewable energy sector to meet its objective of 60 gigawatts of renewable capacity by 2032.

Follow the link s for more news on

NTPC

Oil and Natural Gas Corporation

India renewables capacity

Also Read

China's Maerdang Hydropower Station hits 3.5 billion kWh mark

lndraprastha Gas eyes setting up solar plant in Rajasthan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

China's Maerdang Hydropower Station hits 3.5 billion kWh mark

This eliminates nearly 4 million tonnes of carbon emissions.

Project

3 hours ago

CREIT’s net income up 2% in 2024

Thanks to its strong guaranteed base lease, supported by 2023 acquisitions.

3 hours ago

lndraprastha Gas eyes setting up solar plant in Rajasthan

This will be under a joint venture with RVUNL.

Project

3 hours ago

PH’s Linseed Field LNG terminal resumes operations

However, another facility remains to face delays.

Project

4 hours ago

Exclusives

SMR use in Singapore’s data centers pushed

Other experts prefer an energy mix that includes nuclear, hydrogen, and imported RE.

Southeast Asia’s green transition to get $700m investment boost

The funding will cover solar, wind, and hydropower projects.

Project

Singapore's hydrogen gas turbine market heats up

The city-state’s hydrogen-powered plants are expected to cut its carbon emissions.

Project

Eyes on nuclear, hybrid power in 2025

There is nuclear resurgence in Japan and Korea, and high battery storage demand in India.

Power Utility

Event News

Co-Written / Partner ROCFILL VENTURE LIMITED revolutionises water conservation and water treatment industry with cutting-edge technology

With a remarkable reputation and partnerships with industry giants, ROCFILL is becoming a leading solution provider for global clients in the water conservation and water treatment industry.