Windhoek — --Today marks the approval of Namibia's first ever World Bank financed energy project, aimed at improving the reliability of the country's transmission network and enabling increased integration of renewable energy into the country's electricity system. The $138.5 million will be implemented by the national electricity utility, NamPower.a greener and more sustainable future.
"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. The line will be key to unlocking increased access to variable renewable energy within Namibia, as well as facilitate regional electricity trading.
Namibia has excellent renewable energy resources, however, installed renewable capacity in the country is just over 30% of total generation. This project's investments to strengthen the power grid are critical to enabling the integration of more variable renewable energy sources in the system. The project aims to minimize outage risks, support load growth, and unlock future opportunities for power trade in the Southern African Power Pool.
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