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Power shortages by 2013

Dear sir,
In your Friday edition, you reported on your front page about the statement of Mr. G. Coeln, CEO of Erongo Red. He told us a few years ago the same horror story about future power shortages and immediately after that he raised his tariffs. Is this not again an indirect announcement to prepare us to pay more?
You reported that ErongoRed pays 76.5 cents per kWh to NamPower. If you compare this with the price the end-user has to pay, Erongo Red seems to have a huge mark-up and this to me is usury.
I live in Henties Bay, the town that has to pay the highest electricity prices, a town thoroughly abused by E-red. I have to pay N$1.92 per unit of pre-paid (30Amp) electricity. That is more than 250% of what Erongo Red pays to NamPower and that is 426% more of the wholesale price NamPower pays. How do you explain this?
I can only explain this awesome discrepancy by saying that the priority list of our failing government is highly skewed and that the Namibian end-user fears his government too much to open his mouth. Or is he simply ‘stupid’, stupefied by his leaders? Is it not the ‘man in the street’ that should be high on the priority list of any democratic government?
Let us remember. In the past, most of the people living outside of town borders had to produce their own energy. Where would all the mines, the farms and settlements have got their energy from if it were not from their own generators? Times changed. Now the state provides the energy. What will it be tomorrow? Will the times change again? Is retrogression taking place in Namibia, a retrogression forced by prices too high to pay?
Our government forgot to build new power stations and the new Anixas Diesel Power Station will produce roughly 10% of what new mines will need. We rely heavily on energy bought elsewhere. Is this good management, good governance? No, certainly it is not. It is pathetic management.
It seems only logical that the highly profitable mines in the Erongo region have to generate their own energy until the needs of the people in the region are satisfied. Our Swapo government has failed us; it will go eventually, but will it go early enough so that this nation can be rehabilitated?
Minister Katali defaulted on his promise to hold an energy indaba early in 2011, he will default on his new promise too and he should go. The president knows about our calamities, why does he not act accordingly?
Tangeni Usambara Katiti
Henties Bay

About The Author

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.