New Delhi - India's Tata Power has formed an equal joint
venture with South Africa's Exxaro Resources [JSE:EXX] to develop and operate
power generation projects in the African nation, the two companies said in a
statement on Monday.
Tata Power will form the joint venture, named Cennergi,
through its unit Khopoli Investments, the statement said.
Cennergi will initially focus on renewable energy projects
in South Africa with projects in Botswana and Namibia later, the