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Will Namibia's electricity grid be stabilized?

The Managing Director of NamPower, Mr Kahenge Simson Haulofu, further said that the electricity grid in Namibia will be stabilized as short and medium-term power fluctuations from RE generation can be load-followed by the storage system.

How will the World Bank support Namibia?

“The World Bank is delighted to support Namibia’s commitment to expand domestic energy generation with renewable solutions, consistent with the country’s Second Harambee Prosperity Plan. This project will support NamPower to develop future renewable energy projects,” Kahkonen said.

Why is NamPower a major investment in Namibia's electricity network?

“NamPower welcomes the financing approval of the project, as this is one of the major strategic and crucial investments towards Namibia’s electricity transmission network. NamPower will be able to maintain pace with evolving and increasing electricity needs of the country.

Who is implementing NamPower's $138.5 million transmission expansion & energy storage project?

The $138.5 million project will be implemented by the national electricity utility, NamPower. “Namibia is a uniquely positioned regional leader in the transition towards Transmission Expansion and Energy Storage Project a greener and more sustainable future.

How much money does NamPower get from the World Bank?

NamPower has secured N$2.6 billion in funding from the World Bank to expand its transmission network and integrate renewable energy into the grid.

Why does Namibia need a new electricity network?

The national power utility said the expansion of the electricity network and lines is necessary to provide for the current and future national load requirements as the needs of an expanding Namibian population will require, including the needs of an economy that is growing.

Namibia gets N$2,6 billion funding from World Bank

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