Tata Power Has Announced The Successful Financial Closure For Its 134MW Amakhala Emoyeni Wind Farm Project Through Its South African Joint Venture Company With Exxaro - Cennergi. Cennergi Is 50:50 Joint Venture Between South Africa's Exxaro Resources (Exxaro) And Tata Power Company. The Company Was Selected As The Preferred Bidder For The Amakhala Wind Farm Project And The 95MW Tsitsikamma Wind Farm Project By The South African Government's Department Of Energy In 2012. The Signing Of Financing Agreements Was Completed On May 09, 2013. The Company Also Completed Pre-Disbursement Conditions Under The Financing Agreements For Availing Interim Disbursement And Received The First Loan Disbursement On June 3rd, 2013. The Company’s Other 95 MW Tsitsikamma Community Wind Farm Is Also Expected To Achieve Financial Closure In A Week. The Wind Projects Will Be Located In Eastern Cape, South Africa And Are Expected To Achieve Commercial Operations In 2016.
Project Value
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Financial Closure Achieved
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India
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