http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.75Change: 0.07
R/$ = 10.91Change: -0.06
Au 1204.74 $/ozChange: -19.44
Pt 1252.00 $/ozChange: -18.20
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Apr 04, 2012

Exxaro-Tata energy venture aims to generate 16 GW of cleaner power by 2025

Back
Exxaro CEO Sipho Nkosi, Tata Power MD Anil Sardana and Cennergi CEO Thomas Garner outline their visions for the new energy joint venture. Camera Work: Nicholas Boyd. Editing: Darlene Creamer.
Africa|Business Growth|CoAL|Cogeneration|Eskom|Hydropower|PROJECT|Projects|Renewable Energy|Renewable-Energy|Africa|Cogeneration|Energy|Mining|Cogeneration|Infrastructure|Power
Africa|Business Growth|CoAL|Cogeneration|Eskom|Hydropower|PROJECT|Projects|Renewable Energy|Renewable-Energy|Africa|Cogeneration|Energy|Mining|Cogeneration|Infrastructure|Power
africa-company|business-growth|coal|cogeneration|eskom|hydropower|project|projects|renewable-energy|renewable-energy-company|africa|cogeneration-industry-term|energy|mining|cogeneration-person|infrastructure|power
© Reuse this



Private energy company Cennergi, a joint venture between mining group Exxaro and the power unit of Indian multinational Tata, was formally launched in Johannesburg on Wednesday, where it announced its aspiration to acquire and develop 16 GW of energy generation projects in South Africa, Namibia and Botswana by 2025.

The company, which is headed by Thomas Garner, has already submitted solar and wind bids for the second bidding round under South Africa's renewable energy independent power producer procurement programme, which closed on March 5. The South African government is currently in the process of procuring 3 725 MW of renewables capacity to be introduced over the coming few years.

Cennergi had five renewables projects at a relatively advanced stage, including the 11 MW Letsatsi solar project, in the Northern Cape, the 30 MW Lephalale solar plant, in Limpopo, the 40 MW Tiqua wind farm, in the Western Cape, and the 95 MW Tsitsikamma and the 139 MW Amakhala Emoyeni wind projects, in the Eastern Cape.

It also claims to have a pipeline of other South and Southern African projects, including hydropower projects in the Eastern Cape and KwaZulu-Natal, which were submitted to the Department of Energy (DoE) in response to its recent request for information (RFI) about potential baseload power projects that could be introduced before 2019.

The DoE reported recently that it had received 60 300 MW of interest in response to the RFI for the development of cogeneration facilities, as well as coal-fired power stations, natural gas facilities and imported hydropower projects.

Depending on the success of its renewables bids, which would offer it certainty as well as visibility on it future project pipeline, Cennergi and its owners would consider taking the company public, probably through a listing on the JSE, as well as a foreign bourse. But that decision was unlikely to be made within the next year.

Through Cennergi, Exxaro and Khopoli Investments, Tata's local investment arm, will study, develop, own, operate, maintain, acquire and manage private electricity generation projects in the three identified Southern African countries.

Garner says the initial focus is on renewables, but it will also pursue coal and gas opportunities, while remaining below a self-imposed emissions target.

Exxaro CEO Sipho Nkosi said its partner, Tata Power, had already demonstrated technology leadership in the Indian power sector, where it had emerged as the country's largest integrated private power group, with 5 300 MW of generation capacity, including renewables capacity, 1.7-million customers and 3 000 km of transmission infrastructure.

Nkosi said it had been a "very tough journey" to facilitate the creation of a renewables business within the coal-heavy mining group and lauded business growth GM Ernst Venter for the role he played in helping to create the new unit.

Tata Power MD Anil Sardana said the Southern African venture was consistent with the global group's strategy of pursuing growth opportunities for energy development in new markets.

Garner said the entity aimed to become a partner with Eskom and to actively contribute towards solving the energy challenges facing South Africa.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Renewable Energy News
Updated 4 hours ago The team of engineers that delivered the Jeffreys Bay wind farm have been shortlisted for an international engineering award.  Professional body Engineers Ireland announced the six shortlisted engineering projects in the running for the national title of ‘Engineering...
Industry proponents at the Southern Africa Solar Thermal and Electricity Association-hosted concentrated solar power (CSP) leadership dialogue on Wednesday moved to build a case for the application of CSP technology to complement South Africa’s energy mix shift and...
Article contains comments
South Africa has been ranked third, after China and Brazil, in a new country-by-country assessment of 55 renewable-energy markets in Africa, Asia, Latin America and the Caribbean. The Climatescope 2014 report and index, which has been compiled by Bloomberg New Energy...
Article contains comments
More
 
 
Latest News
Updated 12 minutes ago Sasol announced on Thursday that its broad-based black economic empowerment (BBBEE) transaction, Sasol Inzalo, has been partially refinanced, making a significant contribution to reducing its financing costs. The refinancing would see shareholders of Sasol Inzalo...
Updated 21 minutes ago International packaging and paper group Mondi has attracted a long-term credit-rating upgrade from Moody’s Investors Service. In a statement to shareholders on Thursday, the dual-listed group announced the credit rating hike from Baa3 to Baa2.
Updated 56 minutes ago Sephaku Holdings, which is in the process of finalising its interim results for the six months ended September 30, expects to swing to a basic loss a share of between 1.9c and 2c for the half-year, from basic earnings a share of 3.32c in the first half of the prior...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
Integrated energy and chemical company Sasol has partnered with Unisa Graduate School of Business Leadership (SBL) professor and founder and CEO of PanAvest Partnership Dr Douglas Boateng to publish a series of books on executive supply chain management aimed at...
MORNÉ DU PLESSIS Increased urgency and burgeoning awareness of the importance of these issues are beginning to change political risks and, thus, State responses to environmental concerns
The World Wide Fund for Nature’s (WWF’s) 2014 Living Planet Index (LPI) indicates that there has been a 52% decline in vertebrate species since 1970. The Index tracked the trends of 10 000 discrete populations of over 3000 vertebrate species between 1970 and 2010.
Rwanda has joined a number of East African countries seeking to import electricity from Ethiopia as its demand grows. After it became apparent several generation project it is implementing will not come on stream early enough, now plans to import 400 MW from Ethiopia...
Metrorail’s first new passenger train will arrive in November next year, says Passenger Rail Agency of South Africa (PRASA) CEO Lucky Montana. “Next year we will be able to put our hands around the infrastructure and equipment we have been talking about for so long.”
The Competition Commission has launched an investigation into what it says are “price fixing, market division and collusive tendering in the market for the manufacture and supply of automotive components to original equipment manufacturers” (OEMs, or vehicle...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks