Exxaro to take full ownership of renewables company Cennergi

SOUTH AFRICA– Exxaro Resources a coal and heavy minerals mining company in South Africa, has concluded an agreement with Khopoli Investments, a subsidiary of Tata Power Company, to acquire Khopoli’s 50% shareholding in independent wind power producer Cennergi for R1.55-billion. Exxaro which is also the largest supplier of coal to Eskom, has reached agreement to take a controlling stake in windpower producer Cennergi for R1.55bn. Exxaro holds a 50% stake in Cennergi, which it established in a joint venture with India-based Tata power in 2012. After the deal, which is…

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