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Omburu for carbon-free electricity

The Omburu photovoltaic (PV) plant is set to replace over 5,537 tons of carbon dioxide per year by generating 11,075 MW hours of clean, reliable, responsible electricity per year that will feed into NamPower’s national grid for the next 25 years.
This was revealed at the groundbreaking ceremony held last week, for the first and largest utility-scale ground mounted photovoltaic (PV) system situated in Omburu, near Omaruru in the Erongo Region.InnoSun Energy Holdings, a renewable energy development company and owners of Omburu Sun Energy, a local Independent Power Producer (IPP), held the ceremony which was attended by significant figures in the energy sector and other stakeholders who made the establishment of the Omburu solar power plant become a reality.

The construction of the solar project started in August and is set to be ready by 2015. The state-of-the-art Omburu plant, estimated to cost in excess of N$135 million is being built to meet growing nationwide demand for energy thus this project is also intended democratize responsible energy generation. Planned for completion late in December, the new facility is being constructed on a site where only local staff will be employed to operate and maintain the 4.5MW plant for up to 25 years.
InnoSun has selected copper, indium, gallium, selenium (CIGS) thin-film panels for the electricity generation at Omburu, which will be mounted to a horizontal tracking system which optimizes the angle of the panels in relationship to the position of the sun at any given time during the day. This method of mounting enables each PV panel to increase its energy output by as much as 25% compared to conventional fixed-tilt systems.
Chief Executive Officer of InnoSun Energy Holdings, Grégoire Verhaeghe, said, “The renewable energy power plant will supply over 1% of Namibia’s total domestic power generation. It will also supply carbon free electricity once it has been officially handed over to the national power supplier, NamPower, in early 2015.”
The 4.5MW Omburu PV plant will replace over 8,500 tons of carbon dioxide per year.
“Today’s occasion is therefore also testimony to the government’s commitment to ensure that Namibia reaches its objectives as set out in the National Development Goals (NDP),” said Usuta Imbili, InnoSun Energy Holdings project manager.
The Minister of Mines and Energy, Hon. Isak Katali said, “This historic solar project will improve the supply of electricity to the [whole] country and not only to the Erongo Region. It represents an important milestone in the development of energy infrastructure.”

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.