Ayana Renewable Power, an indirect subsidiary of the 50:50 joint venture between NTPC Green Energy and ONGC Green, has won a 50 MW wind power project. The capacity was secured at a tariff of ₹3.85 /kWh in a 2,000 MW ISTS-connected auction conducted by SECI.
NEW DELHI — In a major competitive development for India's renewable energy landscape, Ayana Renewable Power Private Limited has emerged as a successful bidder in a flagship clean energy auction. The victory further cements the clean energy capacity expansion driven by the nation's key state-backed energy corporations.
According to a regulatory disclosure filed on July 15, 2026, by NTPC Green Energy Limited with the National Stock Exchange of India and BSE Limited, its indirect affiliate won a 50 MW wind power project allocation. The competitive capacity allocation was finalized during an e-reverse auction organized by the state-run Solar Energy Corporation of India Limited (SECI). This project expands the clean energy pipeline managed under the joint venture between India's top thermal power producer and its primary oil major.
Strategic Corporate Structure Behind the SECI Bid
The successful allocation highlights a sophisticated corporate alliance targeting India's strict net-zero targets. The winning entity, Ayana Renewable Power Private Limited (Ayana), operates as a wholly owned subsidiary of ONGC NTPC Green Private Limited.
ONGC NTPC Green Private Limited is a equal 50:50 joint venture established between NTPC Green Energy Limited and ONGC Green Limited. By deploying Ayana as a direct bidding vehicle, the joint venture leverages the collective fiscal strength, project management capabilities, and power grid engineering expertise of both parental organizations. This corporate alliance allows the entities to effectively hedge project execution risks while aggressively scaling up wind and solar infrastructure assets across diverse Indian states.
Bid Auction Specifics and Financial Tariff Commitments
The e-reverse auction concluded on July 15, 2026, under strict competitive conditions. The auction was conducted as part of a larger nationwide renewable mandate titled "Selection of Wind Power Developers for Setting up of 2000 MW ISTS-connected Wind Power Projects in India under Tariff-Based Competitive Bidding (SECI-Tranche-XX)".
In strict accordance with the benchmark parameters stipulated in the Request for Selection (RFS) documents, Ayana successfully secured its 50 MW allocation by offering a competitive tariff of ₹3.85 per kilowatt-hour (kWh). The project will connect directly to the Interstate Transmission System (ISTS). An ISTS connection ensures that the clean power generated can be seamlessly evacuated across state lines without incurring heavy regional wheeling charges, ensuring optimum distribution to power-starved regions.
Impact on Domestic Energy Transitions and Market Investors
The conclusion of SECI's Tranche-XX wind tender comes at a critical time when industrial power demand in India is touching new highs. For domestic commercial consumers and power distribution companies (Discoms), the additions of long-term power purchase agreements at a stable tariff of ₹3.85 /kWh provide highly predictable input pricing. It helps shield industrial buyers from volatile spot-market prices driven by international coal and natural gas supply shocks.
For institutional market investors, the continuous project additions by NTPC Green Energy Limited reinforce its growth profile ahead of long-term capacity valuations. The integration of both wind assets and solar facilities allows the broader group to transition towards offering round-the-clock (RTC) green energy options, which command premium rates in modern power purchase agreements.
Official Sources Section
The corporate information and technical operational data were formal components of a material event disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document was signed and authorized by Deepak C S, the Company Secretary & Compliance Officer of NTPC Green Energy Limited.
Quote Section
In the official disclosure submitted directly to the Indian stock exchanges, company representatives detailed:
"Ayana Renewable Power Private Limited (Ayana) a wholly owned subsidiary of ONGC NTPC Green Private Limited (50:50 JV between NTPC Green Energy Limited and ONGC Green Limited) wins 50 MW Wind Project in Solar Energy Corporation of India Limited (SECI) Wind Tender."
Why It Matters
The award under SECI Tranche-XX guarantees long-term supply visibility over a multidecadal life cycle, accelerating the replacement of carbon-heavy fossil fuels. By routing infrastructure investments into the high-potential wind corridor via an ISTS framework, the project helps stabilize regional grids while supplying cost-effective power to retail consumers and industrial hubs alike.
Key Facts at a Glance
Project Developer: Ayana Renewable Power Private Limited, an indirect joint venture vehicle of NTPC Green Energy and ONGC Green.
Allocated Capacity: Secured a firm allocation of 50 MW under the Tranche-XX framework.
Disclosed Tariff: The long-term commercial delivery tariff is fixed at ₹3.85 /kWh.
Nodal Agency: Bidding and e-reverse auction processes were managed directly by
Solar Energy Corporation of India Limited (SECI).
FAQ Section
Q: Who owns Ayana Renewable Power Private Limited?
A: Ayana is a wholly owned subsidiary of ONGC NTPC Green Private Limited, which is a 50:50 joint venture between NTPC Green Energy Limited and ONGC Green Limited.
Q: What tariff was achieved by Ayana in the SECI auction?
A: Ayana secured its 50 MW capacity allocation at a tariff rate of ₹3.85 per kilowatt-hour (kWh).
Q: What is the total size of the SECI wind power tender tranche?
A: The e-reverse auction was part of a broader nationwide initiative aiming to select developers for 2,000 MW of ISTS-connected wind projects under Tranche-XX.
Q: Why is an ISTS connection important for this wind project?
A: An Interstate Transmission System (ISTS) connection enables the power generated from the wind farm to be transmitted across various states without heavy regional tariffs, maximizing distribution efficiency.
Source: NTPC Green Energy Limited (NGEL) Investor Relations, Company Disclosure to Stock Exchanges, Solar Energy Corporation of India Limited (SECI) Tenders
