• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Thursday, June 26, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
13 °c
Columbus
19 ° Tue
21 ° Wed
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Companies

NamPower to introduce prepaid meters for REDs

by editor
September 5, 2023
in Companies
45
A A
58
SHARES
962
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

You might also like

Availability of essential medicines in Namibia hits 83% – Health ministry

Bank of Namibia completes banking fees impact study

MP urges use of Sovereign Wealth Fund for debt relief

NamPower is moving to introduce prepaid meters for all its distribution customers, including regional electricity distribution companies (REDs), as part of measures to improve its debt management.

The power utility aims to convert all its distribution customers to prepaid meters by July 2025. This will see electricity distributors now expected to pay upfront for their electricity supplies, addressing the ballooning debts owed to NamPower.

The project will be implemented in phases, starting with small power users (supply points with a capacity of less than or equal to 75 kilovolt-amperes, or kVA) and followed by large power users (supply points with a capacity of 100kVA or more).

NamPower is also set to embark on stakeholder engagements, with meetings scheduled for Gobabis, Windhoek, Mariental, and Keetmanshoop next week.

The national power utility noted that the comprehensive prepayment system installation project involves the implementation of prepaid meters for all its distribution customers.

“This initiative harnesses modern metering technology to improve account management and provide a more efficient response to customer requests regarding the transition to a prepayment system.” NamPower said in notice.

The decision to transition to prepaid meters was made in response to the pressing issue of outstanding debts owed to NamPower by clients. Notable debtors include Northern Region Electricity Distributor (Nored) with 23% of the debt, Rehoboth municipality with 10% and City of Windhoek with 9%.

Erongo Red is one of the REDs that do not owe NamPower. 

Among these outstanding debts, N$712 million is owed by defaulters who face potential disconnection, with an additional N$74 million in interest. The remaining N$842 million represents the current outstanding balance for May 2023.

NamPower had previously announced a debt recovery plan that involved disconnecting defaulting customers, but this has been suspended until the end of August. The decision follows a consultative meeting held in August between the NamPower Board of Directors, Management, and the Minister of Finance and Public Enterprise. During the meeting, the government agreed to intervene in addressing NamPower’s outstanding debt of N$1.5 billion.

Earlier, NamPower had introduced an incentive where the interest portion of the outstanding debt accumulated over the past 12 months would be waived if the customer settled the full amount on or before 31 May 2023. This measure aimed to encourage customers to settle their debts. However, this incentive only applied to the interest charged on the specific outstanding capital amount, up to a maximum of 12 months.

The introduction of prepaid meters is expected to help NamPower improve its debt management by ensuring that customers pay for their electricity upfront. This will also help to reduce the risk of disconnections and improve customer satisfaction.

 

 

 

 

 

author avatar
editor
See Full Bio
Tags: companies
Share23Tweet15Share4
Previous Post

Prospect Resources earns 40% stake in Osino’s Omaruru Lithium Project

Next Post

New ECB board appointed

Recommended For You

Availability of essential medicines in Namibia hits 83% – Health ministry

by reporter
June 26, 2025
0
Availability of essential medicines in Namibia hits 83% – Health ministry

The availability of essential medicines at public health facilities across Namibia has reached 83%, the Ministry of Health and Social Services (MoHSS) has revealed. Speaking at the National...

Read moreDetails

Bank of Namibia completes banking fees impact study

by reporter
June 25, 2025
0
Bank of Namibia keeps repo rate unchanged at 6.75%

A study conducted by the Bank of Namibia (BoN) into the fees and charges currently imposed by banks across the country has been completed. The assessment, carried out...

Read moreDetails

MP urges use of Sovereign Wealth Fund for debt relief

by reporter
June 25, 2025
0
MP urges use of Sovereign Wealth Fund for debt relief

Namibian MP Inna Hengari has called for urgent reforms to the country’s financial system, including using the US$24.3 million Welwitschia Sovereign Wealth Fund to support debt relief for...

Read moreDetails

Windhoek to train 300 gardeners as part of new urban food strategy

by reporter
June 25, 2025
0
Windhoek to train 300 gardeners as part of new urban food strategy

The City of Windhoek has announced plans to train up to 300 backyard gardeners by 2026 and introduce a formal Urban Food Systems Strategy aimed at addressing food...

Read moreDetails

SACU faces uncertainty as AGOA trade agreement nears expiry

by reporter
June 25, 2025
0
SACU faces uncertainty as AGOA trade agreement nears expiry

The Southern African Customs Union (SACU) is confronting growing uncertainty as the African Growth and Opportunity Act (AGOA), a key trade agreement with the United States, is set...

Read moreDetails
Next Post
New ECB board appointed

New ECB board appointed

Related News

PEPFAR capacitates 55 young Namibian businesswomen

PEPFAR capacitates 55 young Namibian businesswomen

September 22, 2023
Botswana to cull 10 000 cattle to curb foot-and-mouth outbreak

Botswana to cull 10 000 cattle to curb foot-and-mouth outbreak

September 20, 2022
Financial Easter eggs hiding in your budget basket

Financial Easter eggs hiding in your budget basket

April 3, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.