• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Wednesday, May 14, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • 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 awards N$1.4bn Rosh Pinah 100MW PV Project contract to Chinese companies

by editor
September 9, 2024
in Companies
15
A A
422
SHARES
7k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The Namibia Power Corporation (NamPower) has awarded a N$1.4 billion contract to a Chinese joint venture to build a 100-megawatt solar power plant in the country’s southern region.

You might also like

ECB cuts NamPower’s revenue request by N$700 million

Health Ministry to partner private sector to upgrade clinics

Government generates N$300 million from fishing quotas in 2024

The engineering, procurement, and construction (EPC) contract for the Rosh Pinah photovoltaic project was signed with a joint venture between China Jiangxi International Economic and Technical Cooperation and CHINT New Energy Development (Zhejiang).

NamPower Managing Director Simson Haulofu said the project is expected to create hundreds of jobs during construction and contribute significantly to Namibia’s renewable energy goals.

As part of the agreement, the contractor is required to spend at least 25% of the construction cost on local content, injecting over N$350 million into the Namibian economy.

The total cost of the project stands at around N$1.6 billion, with almost 80% funded through a concessional loan from KfW, and the remaining 20% covered by NamPower.  

“The investment into the Rosh Pinah 100MW PV Project will contribute to managing and regulating future increases in electricity tariffs. This will not only benefit individual consumers by lowering increases to their electricity bills but also contribute to the overall economic growth and environmental sustainability,” he said. 

The construction of the plant will last approximately 18 months, with nearly 800 workers on-site at the peak of activity.  

“The construction of the plant will create job opportunities for locals, as all semi-skilled and unskilled labour must be sourced locally in line with the conditions agreed in the EPC Contract. The plant’s commercial operation date is anticipated for the second quarter of 2026,” he added. 

Haulofu noted that the investment into the Rosh Pinah 100MW PV Project will contribute to managing and regulating future increases in electricity tariffs.  

“This will not only benefit individual consumers by lowering increases to their electricity bills but also contribute to the overall economic growth and environmental sustainability,” he said. 

The MD expressed gratitude to both the National Planning Commission of Namibia and the German government who, as part of the inter-governmental negotiations and development cooperation between Namibia and Germany, supported and agreed to the implementation of the Rosh Pinah 100MW PV Project. 

He said as the second largest the plant will help the government accomplish its goals of ensuring electricity supply security and self-sufficiency as outlined in the national planning policies such as the fifth National Development Plan (NDP5) and the National Integrated Resource Plan (NIRP).

Meanwhile, the representative of the joint venture, Yan Deng, said China Jiangxi International has successfully delivered over 600 international engineering projects across more than 50 countries with these projects ranging from high-rise buildings, roads, bridges, and water conservancy to airports, and stadiums.

“For 20 years now, we’ve been listed among the top 250 international contractors worldwide. Here in Namibia, China Jiangxi International has been active for 20 years, and we’ve completed 61 projects across the country,” he added.

author avatar
editor
See Full Bio
Tags: africa newsChinesecompanieseconomyenergyKfWnamibianamibia newsNamPowerRosh Pinah photovoltaic
Share169Tweet106Share30
Previous Post

Namibia’s telecom sector invests N$243m in infrastructure in Q2

Next Post

Modelling Namibia’s oil future after UAE’s success

Recommended For You

ECB cuts NamPower’s revenue request by N$700 million

by reporter
May 13, 2025
0
ECB cuts NamPower’s revenue request by N$700 million

The Electricity Control Board (ECB) has announced a major adjustment to NamPower’s proposed revenue requirement, slashing the national utility’s request by more than N$700 million following an extensive...

Read moreDetails

Health Ministry to partner private sector to upgrade clinics

by reporter
May 13, 2025
0
Health ministry’s 11,742 new posts to cost govt N$4.5 billion

The Ministry of Health and Social Services (MoHSS) will approach the private sector to form partnerships in upgrading all clinics across the country to healthcare facilities, Health Minister...

Read moreDetails

Government generates N$300 million from fishing quotas in 2024

by reporter
May 12, 2025
0
Government generates N$300 million from fishing quotas in 2024

The Namibian government generated approximately N$300 million in revenue from the fisheries sector during the 2024-2025 financial year. According to the Minister of Agriculture, Fisheries, Water and Land...

Read moreDetails

Currency in circulation rises to N$5.6 billion, counterfeiting drops by 10.7%

by reporter
May 12, 2025
0
Currency in circulation rises to N$5.6 billion, counterfeiting drops by 10.7%

The Bank of Namibia has revealed that currency in circulation in Namibia has increased by 6.9% in 2024, climbing from N$5.2 billion in 2023 to N$5.6 billion. Bank...

Read moreDetails

Small stock exports to abattoirs soar over 300% in March

by reporter
May 12, 2025
0
Small stock exports to abattoirs soar over 300% in March

The Namibia Statistics Agency (NSA) has reported a significant increase in the export of small stock to approved abattoirs and butchers during March 2025, highlighting a monthly growth...

Read moreDetails
Next Post
Modelling Namibia’s oil future after UAE’s success

Modelling Namibia's oil future after UAE's success

Related News

Namibia Dairies weighs relocation costs

Namibia Dairies weighs relocation costs

June 16, 2022
FlyNamibia objects to FlyEtosha’s licence application, cites safety concerns

FlyNamibia objects to FlyEtosha’s licence application, cites safety concerns

February 15, 2023
What the Property Practitioners’ Bill entails:  Part 2

What the Property Practitioners’ Bill entails: Part 2

January 20, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • 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
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2024 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

© 2024 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.