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Roof-top solar provision, the easiest PPP to enter

Roof-top solar provision, the easiest PPP to enter

By Freeman Ngulu.

Freeman@economist.com.na.

16 December 2016. – Light Systems Namibia, a renewable energy company boasts that households and companies can at the minimum take back 10% to 20% of their electricity bill with the new net metering rules for solar roof-tops.

Following the announcement from the Electricity Control Board CEO, Foibe Namene, this week that the gazetted rules for feeding back electricity into the main electricity supply are likely to be passed in the next year.

Light Systems Namibia’s Co-founder, Lyndon Elliott foresees that 99% of home users using those accumulated credits within the same day if not the same week, can reduce their bills without any impact on the electricity service they receive.

As of March last year, most newly built houses have been installed with bi-directional meters that allow the City of Windhoek to tally up the electricity feed back in to the main grid,”he said, adding that although this excludes pre-paid meters, the technology allows for greater expansion of solar technology to power homes and businesses.

According to Elliott, the avoided cost of N$1.13 per kilowatt, about the amount of electricity it takes to boil a kettle of water, benefits both households and particularly businesses to meet their bottom line by adopting renewable energy.

If a grocery store pays 3% of their revenue in electricity, they could easily invest in a solar installations then drop all their prices by 3%!,” Elliott said, adding on that this is a fairly easy to enter public-private partnership.

This is the exact technology that will enable many to now reduce the amount of imported electricity by generating more than enough to cover their own needs and receiving credit for the excess that is exported,’” he added.

Meanwhile, meters for net metered installations are likely to measure electricity feed in and out in two separate measuring unit registers and comply with meter standards set for medium and low voltage electricity distribution.

According to the ECB’s Electricity Supply Industry Statistical Bulletin, domestic electricity customers in Central Namibia and the Erongo Region have the highest average monthly bill consistently, followed by customers supplied by Oshakati Premier Electric.

This bulletin sees this as an indication that the IPP’s with the highest chance of success, will be located in these areas to reduce transmission loss of electrical energy over long distances.

The new net metering rules also propose that distribution licensees must connect net metering consumers in its distribution license area on a first-come first-serve principle until the limits on power generation are decided on later.

Conditions set out for net metering specify that generation systems must also be warranted by the manufacturer to shut down or disconnect upon loss of licensee power. This according to a local Economist is to prevent the whole national grid from switching off as seen with a national scare after the Aries/Kokkerboom 400 kV transmission line trip, the main line that feeds power from South African electricity utility company, ESKOM, to Namibia.

Furthermore, the bulletin said, distribution licensees are not allowed to estimate the electricity consumed and generated by net metered customer-generators during any billing period. The meters of net metered customer-generators are only to be read by distribution licensees for every billing period.

About The Author

Freeman Ngulu

Freeman Ngulu is an Entrepreneur, into data journalism and is an aspiring content marketer. He tweets @hobameteorite.

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.