CDC Launches Ayana Renewable Power, Appts PJ Nayak As Chairman


CDC Launches Ayana Renewable Power, Appts PJ Nayak As Chairman

The UK’s development finance institution CDC today said it has formed a new company Ayana Renewable Power that will focus on operations in India and neighbouring South Asian countries.

The firm has also appointed PJ Nayak as the chairman and Shivanand Nimbargi as managing director and CEO of Ayana Renewable Power, a new independent solar and wind generation, the company said in a statement issued here.

“Ayana will develop hundreds of MWs of generational capacity targeting underserved Indian states and neighbouring countries in South Asia including Bangladesh, Nepal, Myanmar and Sri Lanka. Ayana is 100 per cent funded by CDC, and will be run by an independent board and management team,” it said. Read More…

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