Exxaro, Tata Venture Considering Congo Hydroelectric Plant
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Cennergi Pty Ltd., a joint venture between Tata Power Co. and Exxaro Resources Ltd., may build a hydroelectric plant in the Republic of Congo to supply power to Exxaro’s Mayoko iron-ore project.
Exxaro, South Africa’s second-largest coal company, plans to boost profitability by expanding into iron ore at the Mayoko project, which has the potential to yield as much as 2.5 billion tons of ore, said Ernst Venter, Exxaro’s general manager for business growth. Infrastructure such as railways, harbor facilities and power is needed to develop the project, which is expected to start production in 2013, Venter said.