The South African/Indian JV, Cennergi, is calling on African partners to acquire sizeable operational energy assets in generation on the continent. Although developing energy assets from the ground up is part of the firm’s business strategy, Cennergi’s ambitions are too much to do alone. The company is looking to own around 16 GW of energy assets by 2025, which is impossible if the JV develops all of its own assets.
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. “Cennergi is a long-term player and is serious about investing in Africa on a large scale,” CEO Thomas Garner said. “Cennergi can offer full support and we are considering assets in generation.”
“Whilst we strongly believe in the REIPPP in South Africa, we are casting the net wider,” says Wendy Green, Cennergi’s Business Development Manager. “We want to participate in all areas of energy generation. We are well positioned to do so – we have the right shareholders in Exxaro and Tata Power, with a combination of access to capital and the operational expertise. We have also applied ourselves to ensuring that we have the right team to handle the challenges of doing business in Africa,” she said.
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