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Wind energy project soon

Nampower and other relevant stakeholders are expected to draft a Power Purchase Agreement that outlines the conditions and prices for the purchase of energy, should the planned wind energy project facilitated by the Polytechnic of Namibia’s Renewable Energy and Energy Efficiency Institute in collaboration with Vestas take off.
The drafting of the Power Purchase Agreement comes after the WindTalks Namibia workshop recently held in Windhoek.
According to Andrew Hilton, vice president of communications at Vestas, talks focused on the development of a suitable Power Purchase Agreement and a contract between the wind energy project developer and the energy off-taker NamPower, that outlines the conditions as well as prices for the purchase of energy from the project.
“This include management of issues related to the integration of wind energy into the Namibian electrical grid, including codes and standards, how to better understand and allocate the risk associated with Power Purchase Agreement between the project developer, NamPower and other involved parties,” he said.
Meanwhile the Namibia Renewable Energy and Energy Efficiency Institute, Vestas and other stakeholders including government, will further engage in focused discussions on these topics.
“Namibia Renewable Energy and Energy Efficiency Institute and Vestas will seek ways to support progress through providing international best practices, examples and models from other countries, as well as tools, resources and experienced experts from mature wind energy markets. For example, support could be provided on grid code development, wind mapping and forecasting, financial models, and other issues,” Kudakwashe Ndhlukula, renewable energy development officer and coordinator at the Renewable Energy and Energy Efficiency Institute at Polytechnic of Namibia  said.
Talks were also held as part of efforts to address power shortage and inadequate access to energy in the country.
“If Namibia continues to rely on imported electricity and does not invest in local generation capacity, future power outages could be as high as 10% of total demand. For one 24 hour blackout occurring every month, which is the equivalent of a decrease in electricity supply of only 3% to Namibia’s gross domestic product is reduced by almost 4%,” Ndhlukula added.
It is envisaged that the project will be of economic benefit to the country through job creation and  price stability.
The WindTalks Namibia workshop was presented by the Renewable Energy and Energy Efficiency Institute at the Polytechnic of Namibia and Vestas as part of the Development Dialogue Forum series, an initiative of the Polytechnic of Namibia and the United Nations Development Programme.

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


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.