Project Win / Renewable Energy Capacity Award
NTPC Green Energy’s Ayana Wins 193 MW Wind Power Project in MPPMCL Tender
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NTPCGREEN
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NTPC Green Energy Limited informed the exchanges that Ayana Renewable Power Private Limited, a wholly owned subsidiary of ONGC NTPC Green Private Limited (50:50 JV between NTPC Green Energy and ONGC Green), has emerged as the successful bidder for a 193 MW wind power project in the Madhya Pradesh Power Management Company Limited (MPPMCL) wind tender at a tariff of ₹4.17/kWh.
PRICE-SENSITIVE TRIGGER
Event: Ayana Renewable Power won a 193 MW wind power capacity in the MPPMCL e-reverse auction.
Type: Project Win / Renewable Energy Capacity Award
Impact: Positive
Immediate Effect:Â The award strengthens NTPC Green Energy’s renewable energy portfolio through its joint venture platform and adds new utility-scale wind capacity.
Key Metrics:
- Awarded Capacity: 193 MW
- Tariff: ₹4.17 per kWh
- Tender Size: 800 MW (with Greenshoe option for additional capacity up to 100%)
- Auction Date: 30 June 2026
- Project Type: Utility-scale Wind Power
Highlight:
- 193 MW wind power capacity secured at ₹4.17/kWh
What Happened ?
NTPC Green Energy Limited announced that Ayana Renewable Power Private Limited, a wholly owned subsidiary of ONGC NTPC Green Private Limited, emerged as the successful bidder in the MPPMCL wind power tender.
The tender was conducted through an e-reverse auction for procurement of wind power projects across India. Ayana secured 193 MW of capacity at a discovered tariff of ₹4.17 per kWh.
Key Details
Contract Scope:
- Winning entity: Ayana Renewable Power Private Limited.
- Ayana is a wholly owned subsidiary of ONGC NTPC Green Private Limited.
- ONGC NTPC Green Private Limited is a 50:50 joint venture between NTPC Green Energy Limited and ONGC Green Limited.
- Awarded capacity is 193 MW.
- Winning tariff is ₹4.17/kWh.
- Tender was floated by Madhya Pradesh Power Management Company Limited (MPPMCL).
- Procurement relates to an 800 MW wind power tender, with a Greenshoe option for additional capacity up to 100%.
- The auction concluded on 30 June 2026.
Note:
- The company has disclosed the development through a stock exchange press release under Regulation 30 of the SEBI Listing Regulations.
Risk Analysis
Summary:
- While the project expands NTPC Green Energy’s renewable portfolio, execution will depend on timely project development, regulatory approvals, land acquisition, transmission connectivity, and commissioning schedules.
Key Risks:
- Delay in project execution or commissioning.
- Regulatory and environmental approvals.
- Wind resource variability.
- Cost inflation during project development.
- Transmission infrastructure readiness.
Worst Case:
- Project execution delays or cost overruns could postpone revenue generation and reduce expected project returns.
Risk Level: Low
Company Commentary
- Ayana Renewable Power emerged as the successful bidder in the MPPMCL e-reverse auction.
- The company secured 193 MW of wind power capacity.
- The discovered tariff is ₹4.17 per kWh.
- The auction concluded on 30 June 2026.
Official Exchange Filing: NTPC Green Energy Limited
