Namibia’s state-owned electricity provider Nampower, has signed a pact with Chinese companies to build the country’s biggest solar photovoltaic plant.
Details
China Jiangxi International Economic and Technical Corp. and Zhejiang CHINT New Energy Development Co. will engineer and build the 100-megawatt Rosh Pinah plant.
The plant is estimated to cost about 1.6 billion Namibian dollars ($89 million) and will help the nation become self-sufficient in its power needs
Between The Lines
A loan from German state-owned development bank KfW will cover almost 80% of the cost, with the rest coming from Nampower’s balance sheet.
Timelines
The company estimates that the project will take about 18 months to build, with commercial operations starting in the second quarter of 2026.
Source: Bloomberg
Catch up on news and other tidbits on our WhatsApp Community Page, Twitter/X, and subscribe to our weekly newsletter to ensure you don’t miss out on any news.
