South Africa: Tata Power sells Cennergi stake


Issue 400 - 27 Sep 2019 | 1 minute read
India’s Tata Power announced on 17 September that it had sold its 50% stake in power developer Cennergi to its joint venture partner Exxaro Resources. The shares were held through Tata Power’s wholly owned subsidiary Khopoli Investments. ABSA Bank advised Khopoli on the transaction.The R1.55bn ($106m) transaction is part of a wider sale of international assets in a drive to reduce the company’s debt. Tata Power has been losing money from its 4GW coal power plant near Mundra in India.

Want to read more?

Small article

£4

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register

Request a Live Data demonstration

Contact Alex Wark to discuss your needs or to arrange a demonstration of the platform.

Tel: +44 1424 721667

View subscription options

FAQs

How we source our data