NEW DELHI, March 5 (Reuters) – India’s Tata Power
has formed an equal joint venture with South Africa’s
Exxaro Resources 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 (Pty)
Ltd, through its unit Khopoli Investments, the statement said.
Cennergi will initially focus on renewable energy projects
in South Africa and will later have projects in Botswana and
Namibia, the statement said.
(Reporting by Sanjeev Choudhary; editing by Malini Menon)
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