Johannesburg, South Africa — 10 April 2012 – South African-based and JSE-listed diverse mining group Exxaro Resources says it will contemplate more partnerships with Indian industrial giant Tata Power “’ the company with which it has launched the Cennergi energy venture.
Making this announcement at the official unveiling of Cennergi in Sandton, CEO Sipho Nkosi said the partners would “in time put their hats on” as opportunities arose. “Maybe in furnaces, mining, trading,” Nkosi added, “anything is possible.”
Joining Tata Power in Cennergi here gives Exxaro access to India’s largest integrated power company, which boasts an installed generation capacity of close to 5,300 MW in that country alone, says Miningmx. Cennergi is a 50:50 clean energy joint venture between the two companies that will focus on cleaner electricity generation projects in South Africa, Botswana and Namibia.
According to CEO Thomas Garner, Cennergi has an “aspirational target” to generate 16 GW of power by 2025. He said the pace of progress would depend on how successful it would be at managing the regulatory process.
It sees its mix offering consisting of 40% gas, 45% renewables and 15% coal.
Cennergi’s first five projects entail two solar plants and three wind projects – the Letsasi solar project close to Vryburg in North West (11MW), the Tiqua wind project along the west coast of the Western Cape (40MW), the Tsitsikamma Community wind project (95MW) and Amakhala Emoyeni wind project (139MW) in the Eastern Cape, as well as the Lephalale solar project in Limpopo (30MW).
Source: Miningmx. For more information, click here.