ONGC NTPC Green Private Limited (ONGPL), a 50:50 joint venture between NTPC Green Energy Limited and ONGC Green Limited, has completed the acquisition of 100 per cent equity stake in Ayana Renewable Power Private Limited.
This follows the execution of a share purchase agreement with the current stakeholders—National Investment and Infrastructure Fund (51 per cent), British International Investment Plc and its subsidiaries (32 percent), and Eversource Capital (17 percent). With this acquisition, the total operating renewable capacity of NTPC Green Energy Limited, including its subsidiaries and joint ventures, has reached 5.9 GW.
