NamPower to sign 50MW wind power agreement

NamPower is set to enter into a Power Purchase Agreement, and a Transmission Connection Agreement with the China Energy International Group, Riminii Investments Joint Venture, for the development and connection of the 50MW Wind Power Plant to the Namibian transmission grid.

This is the latest deal to be entered into as NamPower moves to secure increased power supply. 

The project is part of the NamPower Integrated Strategy and Business Plan (ISBP) for the 2020–2025 period and is in line with the Ministry of Mines and Energy determination on generation capacities towards the fulfilment of national policies goals outlined in the National Integrated Resource Plan (NIRP) for the electricity sector, as well as the fifth National Development Plan.

Since turning to renewable energy as another form to enrich the national electricity needs, NamPower is forging ahead in meeting its 2025 target, in which it aims to add 150MW of its own power generation, as well 70MW from Independent Power Producers (IPPs), as driven by the government's NRIP.

This comprises 40MW of biomass, 20MW of solar PV, 40MW of wind and 50MW of firm power. In the same vein, it intends on procuring 70MW new capacity from IPPs through competitive procurement, which includes 20MW of Solar Photovoltaic and 50MW of wind.  

Once successful, this will reduce the country's reliance on imports, increase self-sufficiency and improve security of supply, as the power utility targets 220MW of power generation.  

This comes as Namibian Stock Exchange-listed Alpha Namibia Industries Renewable Energy Power Limited (ANIREP) is planning to raise N$570 million to acquire and develop new renewable energy projects in the country. 

The company is targeting to increase its renewable energy generation market share to 30% by 2025 and is targeting to be part of the strategy of increasing Namibia’s commercial installed renewable energy generation from 150MW to 760 MW by 2025.

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Last modified on Monday, 27 March 2023 18:46

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