Ayana Renewable Power wins 140 MW renewable project from REMC

Ayana Renewable Power Pvt. Ltd. has secured a 140 megawatt renewable energy project from REMC Ltd., NTPC Green Energy Ltd. said in an exchange filing on Friday. Ayana Renewable Power is a wholly owned unit of ONGC NTPC Pvt. Ltd., the joint venture between NTPC Green Energy and ONGC Green Ltd.

Ayana won the bid in an e-reverse auction conducted by REMC. The tender sought project developers to supply 1,000 MW of round-the-clock power from grid-connected renewable energy projects with or without storage. Ayana secured 140 MW at a tariff of ₹4.35 per kWh, according to the filing.