Optimism over Namibia’s energy industry

18 May 2020 | Energy

With recently introduced reforms in Namibia’s renewable energy sector and the growing presence of international oil companies entering the hydrocarbons sector, the ministry of mines and energy is optimistic about the country’s energy future.
In a statement by the African Energy Chamber, although Namibia is largely a consuming country, it hopes to grow its upstream industry and improve energy security through diversifying its energy mix
Namibia’s mines minister Tom Alweendo said during a webinar hosted by the Africa Energy Chamber that there are very positive and encouraging signs when talking about the hydrocarbons sector. “We have had a couple of investors that are keen on entering the market and potentially finding something,” he said.
During the webinar hosted in partnership with Africa Oil and Power on Friday, he added that on the renewable energy sector, they have been able to introduce some reforms that have made it possible for independent power producers to come into the sector and produce clean energy, especially through solar and wind.
Alweendo was joined by the Chamber’s Executive Chairman, NJ Ayuk, who encouraged a practical and realistic energy transition that addresses the continent’s energy needs first. “Oil and gas are going to be around for a long time and will remain a major part of many countries across Africa. The same can be said for clean energy. We have to be environmentally conscious and ensure that lowering carbon emissions remains a key priority. But we also have to look at where we stand as a continent and address our needs first.”
Other topics explored during the discussion included plans on the development of the Kudu gas project, with Alweendo saying his ministry is currently relooking the project’s business model and hopes to move forward thereafter.
On other key projects, Alweendo said the 37 500 bpd barge-mounted refinery in Walvis Bay was due to be finalized in March this year but was deterred by Covid-19. Despite this, the ministry is exploring other avenues to reach completion on the U$370 million project by the end of 2020.
The Angola-Namibia cross border Baynes hydroelectric dam is currently undergoing feasibility studies and is planned to commence with construction in June this year. The 600MW output will be split in 300MW for Angola and 300MW for Namibia.

Similar News

 

Power to the people

2 days ago - 29 May 2020 | Energy

A N$15.5 million electrification project to supply power to nine informal settlements and 1 000 households over the next five years, was signed by the...

Future of Namibian energy industry in the spotlight

2 weeks ago - 13 May 2020 | Energy

A free webinar, The Future of the Namibian Energy Industry, is presented with the Namibianminister of mines and energy Tom Alweendo on Friday (15 May)...

Fuel retailers scramble to avoid losses

3 weeks ago - 07 May 2020 | Energy

Windhoek • [email protected] brief stock outage of petrol and diesel on Wednesday at some fuel stations in Namibia was due to savings measures by retailers...

Dundee Precious Metals Tsumeb reaffirms support to the Tsumeb...

1 month - 09 April 2020 | Energy

Dundee Precious Metals Tsumeb reaffirmed its support to the Tsumeb community by improving the preparedness levels of the Tsumeb District hospital should the COVID-19 virus...

Diesel takes a dip

2 months ago - 02 March 2020 | Energy

Good news for consumers is that the price of diesel (50PPM) will decreased by 30c/l on 4 March, while the price for 95 octane unleaded...

Fuel prices remain unchanged

3 months ago - 03 February 2020 | Energy

The ministry of mines and energy announced that fuel pump prices for February 2020 remain unchanged, with prices (at Walvis Bay) standing at N$13.05 per...

The near future of renewables

4 months ago - 15 January 2020 | Energy

By 2024, almost 33% of the world’s electricity is forecast to come from renewables, with solar photovoltaic (PV) accounting for almost 60% (or at least...

Join the talk on energy transition

4 months ago - 14 January 2020 | Energy

If you are a journalist and have always wanted to report on the global energy transition, now is your chance!The Berlin Energy Transition Dialogue (BETD)...

Going green – cheaper options for your home

4 months ago - 13 January 2020 | Energy

The term “green” is not a new concept within the property market; however, with electricity pricing pressure, more and more buyers are considering energy efficiency...

Namibia still imports too much electricity

1 year - 19 May 2019 | Energy

Windhoek • Ellanie SmitNamibia is aiming to generate 80% of its electricity locally within the next four years, which will assist in sustaining the growing...

Latest News

Councillors could be held liable...

2 days ago - 29 May 2020 | Local News

Windhoek • [email protected] involved in approving the proposed scheme of signing a deal with Chinese firm Huawei Communications should know that they may be acting...

Katutura’s homeless learn from Baxu

2 days ago - 29 May 2020 | Environment

The Legal Assistance Centre (LAC) yesterday (28 May) brought the short film Baxu and the Giants to children and youth currently accommodated at the Katutura...

EES gets comfortable with his...

2 days ago - 29 May 2020 | Art and Entertainment

Around nine years ago a fresh new shoe was added to the market – colourful and proud, representing Namibian colours and lifestyle. The designer? None...

PAY on the go

2 days ago - 29 May 2020 | Social Issues

Physically Active Youth (PAY) has been able to reach 353 people in 55 households with food and toiletry packages as part of their outreach programme...

Power to the people

2 days ago - 29 May 2020 | Energy

A N$15.5 million electrification project to supply power to nine informal settlements and 1 000 households over the next five years, was signed by the...

Security threat biggest 5G concern...

2 days ago - 29 May 2020 | Local News

Windhoek • [email protected] hours of deliberating council procedures during the monthly meeting on Thursday, the agendapoint of the Memorandum of Understanding (MoU) between Huawei Communications...

‘Smart City’ but lacking basic...

3 days ago - 28 May 2020 | Local News

Windhoek • [email protected] With talks that the City of Windhoek (CoW) is planning to introduce 5G technology to the capital, many residents are still not...

Wat is op jou bord...

3 days ago - 28 May 2020 | Art and Entertainment

Windhoek · [email protected] jy ‘n eg Namibiese eetplek besit wat binnekort ‘n spsiale aanbieding aan die publiek gaan bekendstel, soek Namibia Adventures jou kos op...

Bank assists with Covid test...

4 days ago - 27 May 2020 | Social Issues

Thanks to a donation of 500 reagent testing kits and nasopharyngeal swab collection kits by Bank Windhoek, the Namibia Institute of Pathology (NIP) can carry...

Load More