Cennergi, a recently-formed African energy company which is committed to providing energy solutions to Africans, is reported to be gearing up to acquire sizeable operational energy assets in generation on the African continent, according to Liz Hart, Siyenza Management.
According to Hart, Cennergi (Pty) Ltd, is a 50:50 joint venture between South African-based diversified resources company Exxaro Resources Limited (Exxaro) and The Tata Power Company Limited (Tata Power), of India, through its subsidiary Khopoli Investments Limited.
Cennergi is based in South Africa and will focus on the, development, ownership, operation, maintenance, acquisition and management of electricity generation assets in South Africa, Botswana and Namibia. The initial project pipeline focuses on renewable energy projects in South Africa and Cennergi’ s strategy is to create a balanced portfolio of diverse generation assets.
Liz says the company having spent the past year developing its business model and putting together a dynamic management team, is now looking for African partners who can broaden its horizons.
“The company is seeking established and credible partners across Africa who own profitable, high quality operational energy generating assets, not limited to renewables, to boost its asset portfolio on the continent,” Hart said.
Cennergi is reported to have launched its operations in the South African renewable energy sector in 2012 and were awarded the bids for two wind farm projects in the Eastern Cape by participating in the Department of Energy’s Renewable Energy Independent Power Producer’s Programme (REIPPP).
“Whilst the company is proud of this early achievement, and although it aims to focus on using cleaner energy technologies, it has a much broader vision for its African operations. The Cennergi team will focus on building a diversified portfolio of energy assets which includes coal, gas, hydro, wind and solar,” Hart said.