Namibia to build its biggest gas power plant since independence - CNBC Africa

Namibia to build its biggest gas power plant since independence

Southern Africa

by Trust Matsilele 0

Namibia building the country's biggest gas power plant since independence. PHOTO: Wikipedia

For now it’s nothing but sand dunes, but in 15 months the area will be populated by a gas power station adjacent to the world's renowned sand dune, Dune 7, this is according to Xaris Holdings, a company managing the project.

The plant's cost, inside sources say, is estimated to be in the region of 450 million US dollars.

This will be the biggest plant Namibia has seen since independence and is poised to help hedge the Atlantic Ocean coastal country from load shedding, a reality experienced in many of her regional peers.

The plant to be located in Walvis Bay, is set to generate about 250 megawatts, 50 per cent of what the country currently generates internally (500 megawatts)

The plant which is going to employ hundreds of Walvis Bay’s unemployed populace during the construction stage will see inhabitants of the sea shore’s life changing. Currently, as Immanuel Petros indicated, chairman of the Seafaris, the city lives and smells poverty.

The project with a renewable life-span of 25 years could be an eternal benefit to the Namibia nation. 

The country intends to generate about 1 500 megawatts internally to meet domestic consumption, meaning Xaris Holdings and other independent power producers (IPPs) stand a chance to meet the 700 megawatts deficit.

Namibia currently imports about 70 per cent of its power from South Africa which has seen endless load shedding and Zimbabwe that has for over a decade struggled to provide basic lighting for its citizenry. The two countries, though facing load shedding internally, are bound by supply agreements.

Namibia is under pressure to generate its own power as its binding contracts with South Africa and Zimbabwe comes to an end within the next two to three years

Some of the companies involved in this massive project include; General Electric, Excelerate Energy, Standard Bank, Garanti Koza, KS Energy and Ariya Capital Group.

“We have found that Namibia needs power and we have partnered with other companies with our inventions to meet that need,” Arthur Harvey, Sales Manager GE Power and Water said.