Ayana Wins 140 MW RTC Renewable Bid At Rs 4.35/kWh Tariff

27 Nov 2025 CW Team

Ayana Renewable Power Pvt Ltd has secured 140 MW of round-the-clock (RTC) renewable capacity in an auction conducted by REMC Limited. The tariff was finalised at Rs 4.35 per kWh through an e-reverse auction held on 21 November 2025, according to exchange filings.

The bidding formed part of a plan to procure 1,000 MW of RTC renewable power from grid-connected projects. The tender permitted developers to use renewable sources with the option of integrating storage, ensuring that contracted power could be supplied continuously rather than only during solar or wind generation windows.

Ayana Renewable Power is wholly owned by ONGC NTPC Green Pvt Ltd, a 50:50 joint venture between NTPC Green Energy Ltd and ONGC Green Ltd. The structure positions Ayana within a renewable-development platform jointly promoted by two major public-sector energy companies.

Projects under the tender must supply electricity on a continuous basis, allowing developers to combine technologies such as solar, wind and storage. The Request for Selection did not restrict the technology mix provided the committed round-the-clock supply could be met.

NTPC Green Energy disclosed Ayana’s win to the NSE and BSE under Regulation 30 of the SEBI Listing Regulations, 2015, issuing a press release on the same day as the auction outcome. As of 24 November 2025, NTPC Green Energy’s share price traded at Rs 95.49, down 1.69 per cent from the previous close.

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