SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tata Power achieves financial closure for 135MW Amakhala Wind Project in South Africa

05 Jun 2013 Evaluate

Tata Power has successfully achieved financial closure for its 135MW Amakhala Emoyeni Wind Farm Project through its South African Joint Venture Company with Exxaro- Cennergi. The company was selected as the ’preferred bidder’ for the Amakhala wind farm project and the 95 MW Tsitsikamma wind farm project by the Department of Energy, Government of South Africa in 2012. Cennergi is 50:50 joint venture between South Africa's Exxaro Resources (Exxaro) and Tata Power Company.

Cennergi has successfully tied up the entire debt requirement through a consortium of lenders, namely Standard Bank and International Finance Corporation with Standard Bank acting as the mandated lead arranger. 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 project of approximately Rand 3945 million is being funded through a debt equity mix of 80:20. The project financing comprises of equity of Rand 789 million and Rand Term Loans of 3156 million.

Besides, 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. The power purchase agreements and Implementation Agreements for these projects were signed with Eskom and Department of Energy, Government of South Africa respectively on May 09, 2013.

Tata Power Share Price

433.20 -0.45 (-0.10%)
21-Apr-2026 09:27 View Price Chart
Peers
Company Name CMP
NTPC 402.00
Tata Power 433.20
Adani Power 204.25
Power Grid Corp 320.30
Torrent Power 1610.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×