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NamPower to spend close to N$15 bill on Renewable energy projects

NamPower to spend close to N$15 bill on Renewable energy projects

Zorena Jantze

NAMIBIA’S electricity sector has been dependent on electricity imports from the SADC region over the past years; however, the country might realise security of supply in the near future as the parastatal today announced that it will be spending close to N$15 billion on four renewable energy.

Speaking at the launch of the new Corporate Strategy and Business Plan (2019-2023) themed, “Ensuring Security of Supply” the managing director of NamPower, Kahenge Haulofu revealed the company’s  ambitious plans of adding 150 MW of new generation capacity, which will comprise of a 40 Mk biomass plant, 20 MW Solar PV, 40 MW wind energy plant, and a 50 MW  firm of power.

In addition, Haulofu beckoned independent power producers in procuring 70MW new capacity through the competitive bidding.

Pictured: Picture for illustrative purposes only. Photo: Contributed

In total, this new projects will add a total of 220 MW to Namibia’s local generating capacity , which currently stands at 467 MW.

The managing director stated that Namibia cannot continue to import a bulk of power needs from other countries.

Currently, the parastatal is significantly dependent on electricity imports from neighbouring countries to meet domestic demand, generally importing up to 60% of the total demand and so has entered into a number of power import agreements within the Southern African Power Pool (SAPP).

A significant portion of these import agreements will expire within the next few years, resulting in a potential supply risk if these contracts cannot be prolonged or significant domestic generation is not installed or available.

NamPower further stated that the country has seen a stable peak demand for power from 614 MW  in 2013 to 677 MW in 2017.

The demand for power is expected to increase further over the next four years, up to 755 MW in 2020.

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