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Eskom’s Biggest Coal Supplier Buys Tata’s Clean Power Stake

  • Exxaro buys Tata’s 50% stake of Cennergi for $105 million
  • Clean power company owns two wind farms in South Africa
The Eskom Grootvlei coal-fired power station.

The Eskom Grootvlei coal-fired power station.

Photographer: Waldo Swiegers/Bloomberg

Exxaro Resources Ltd., the biggest coal supplier to South Africa’s state-owned power utility, bought Tata Power Co Ltd.’s half of a clean energy joint venture as part of a strategy to make its business environmentally sustainable.

Exxaro will own Cennergi Pty Ltd. outright after the 1.55 billion rand ($105 million) deal is concluded, the company said Tuesday in a statement. Assets include two wind farms, which sell renewable power to the South African government in a program started in 2011.