Namibia is in the process of building what will be its biggest power plant since independence, with the Walvis Bay gas-fired facility set to be operational inside the next two years.
The country is keen to see the $450m 250 MW gas-fired power plant commence before contracts for imported energy from neighbouring countries expire at that time.
Xaris Holdings, an independent power producer managing the project, say the plant will have a life span of 25 years.
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.
Companies involved in this project include; General Electric, Excelerate Energy, Standard Bank, Garanti Koza, KS Energy and Ariya Capital Group.
Namibia looks to increase energy independence via new gas-fired plant
