Namibia Power Report

The Namibian High Court ruled in favour of Xaris Energy winning the tender for the Walvis Bay gas- fired power plant in Erongo. We still do not factor the plant into our forecasts as no power purchasing agreement (PPA) has been signed yet. ...We still do not factor the plant into our forecasts as no power purchasing agreement (PPA) has been signed yet. The governor of the Kunene region, Angelika Muharukua, has stated that construction work on the ---MW Baynes hydropower project - a joint project between the governments of Namibia and Angola - should start in ----. Local opposition to the plant still remains because of resettlement issues and we are not including the plants in our forecasts yet until more concrete plans are released. ...NamPower had applied to the Electricity Control Board to increase tariffs by up to --.- , but this has been rejected and instead an increase of only --.- has been granted. This means Namibian power prices will increase from USD-.--- to USD-.--- per kWh.

...Namibia has abundant reserves of natural gas which could support the development of gas-fired domestic power. Using these reserves for electricity generation could end Namibia s dependence on imports and potentially allow it to become an exporter of electricity. ...Namibia has abundant reserves of natural gas which could support the development of gas-fired domestic power. Using these reserves for electricity generation could end Namibia s dependence on imports and potentially allow it to become an exporter of electricity. The Zizabona interconnector project will aid the import and export of power. � The abundance of sunshine is conducive to the development of on-grid and off-grid solar power production. The government is seeking to introduce solar PV power stations to Namibia through independent power projects.

...Namibia s economy is forecast to grow at an annual average of -.- from ---- to ----, ensuring a steady increase in demand for electricity over the forecast period. The country is politically stable and the institutions are fairly strong with legitimate legal institutions. ...