Exxaro acquired the remaining 50% of Cennergi for $106m.

Exxaro, a large coal and heavy minerals mining company in South Africa, acquired the remaining 50% of Cennergi, the joint venture it formed with Tata Power Company, an Indian electric utility company based in Mumbai, for $106m. Cennergi owns 2 wind farms which were originally bid as part of Window 2 of the Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme. “The collaboration between Exxaro and Tata Power over the past seven years to develop these projects to their current status has been a commendable and outstanding success in South Africa’s implementation of its energy strategy. As a South African-based company, Exxaro is pleased with this opportunity to consolidate its interest in this renewable energy asset at a time in South Africa where we need energy security as we respond to increasing negative sentiment towards coal-based electricity generation,” Mxolisi Mgojo, CEO of Exxaro Resources.