Strengthening shareholder ties
In partnership with the United Africa Group which own 40% of its current shareholding, Actom Namibia has been active for the past 12 years and has completed high voltage transmission line and substation contracts for Nampower, City of Windhoek and Uramin, with a combined values of N$1 billion. During his presentation, Chairman of Actom, Jack Rowan said they have over the years done several large projects for Nampower, like the Kokerboom 400/220kV substation, the Harib 220/132kV substation as well as the Goreangab 66/11kV substation.
He said they have also, amongst others, constructed the extension of the Windhoek CBD 66/11kV substation and the Damwall 66/11kV, substation, also for the Windhoek municipality.
In an interview with the Economist after the launch, Rowan said that they are not currently working on a specific project but plans are however underway for more projects in future. “We are not busy with any projects at the moment but we are looking at project reticulation for urban development with our Namibian partner, the United Africa Group.”
Rowan said that Atcom is also thinking of establishing a joint Wind Power Project initiative with the United Africa Group in the near future but further discussions and consultations are yet to take place.
Actom employs about 7500 people in the southern African region but none of them in Namibia. Executive Director of the United Africa Group, Haddis Tilahun has confirmed that although the organisation is not directly providing employment to the local people, it has with recent projects provided employment to numerous people and will continue to do so in the near future.
“Actom does not directly employ people in the country but because of the various projects it has embarked on in recent years, it has created employment to thousands of Namibians and will employ even more when it embarks on upcoming projects,” said Tilahun.