ONGC NTPC Green (ONGPL), a 50:50 joint venture between NTPC
Green Energy (NGEL) and ONGC Green (OGL), has signed a share purchase agreement
with National Investment and Infrastructure Fund, BII South Asia Renewables,
British International Investment Plc, CDC India Opportunities and Eversource
Capital managed GGEF for acquisition of 100% equity stake in Ayana Renewable
Power (Ayana). Ayana is a 4.1 GW Renewable Energy platform with operational and
under construction assets and having enterprise value of around Rs 19500 crore.
The aforesaid acquisition is, subject to completion of
Condition Precedents and other terms and conditions, as per Share Purchase
Agreement executed between the parties and approvals, as may be required under
applicable laws.
A 'Maharatna' central public sector enterprise, NTPC Green Energy holds a renewable energy portfolio that includes solar and wind power assets spread across more than six states.
Source: Ace Equity
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