THE Development Bank of Namibia (DBN) has signed an agreement to provide N$193 million to finance a new solar power-generation plant near Kahn substation in the Namib Desert.
This plant, owned by Anirep Aussenkjer Solar One – a start-up energy company, will feed 20 MW into NamPower’s grid at Kahn substation.
The start-up company won a 25-year tender to produce power for NamPower and is jointly owned by two local partner companies, Anirep Solar and Aussenkjer Energy Investments.
Anirep is listed on the Namibian Stock Exchange.
The solar plant will be located 40 km from Usakos and will be developed by HopSol Africa. Anirep owns a majority stake in Hopsol.
DBN head of marketing Jerome Mutumba said with local production of electricity, Namibia will reduce reliance on imports.
He said viewed over the short, medium and long-term, local generation is highly variable because Namibia’s…