A joint venture between NTPC Green Energy and ONGC Green Energy has emerged as the highest bidder for Ayana Renewable Power, offering approximately $650 million. This bid surpasses that of JSW Energy for the renewable energy firm, which operates solar and wind plants generating 1,600 megawatts in India, with an additional 2,500 megawatts under construction. Following due diligence, the joint venture plans to acquire a 100% stake in Ayana Renewable Power.
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