|

NTPC and ONGC partner to drive renewable energy expansion in India

By

NTPC and ONGC are establishing a joint venture to expand into the renewable energy sector through their subsidiaries, NTPC Green Energy and ONGC Green Energy.  A 50:50 joint venture company (JVC) application has been submitted to the Ministry of Corporate Affairs, advancing both companies’ commitment to renewable energy. This JVC will focus on various renewable segments, including solar, wind, energy storage, and green credits, and plans to acquire renewable energy assets.  It is also eyeing…

|

ONGC, JSW Neo Energy, Sembcorp shortlisted for majority stake in Ayana Renewable 

By

Oil and Natural Gas Corporation (ONGC), JSW Group’s Neo Energy, and Singapore’s Sembcorp Industries Ltd have been shortlisted to submit binding bids for a significant majority stake in Ayana Renewable Power Pvt Ltd, according to a report by Mint. The stake, valued at approximately $800 million, is part of a sale process that could become one of the largest transactions in India’s green energy sector. The three companies are currently in the due diligence phase…