Select Page

Power utility to spend N$7 billion on transmission infrastructure expansion

Power utility to spend N$7 billion on transmission infrastructure expansion

Energy utility, NamPower this week said it will over the next five to seven years, spend over N$7 billion on the Transmission Infrastructure Expansion Programme.

The Transmission Master Plan is an operational strategy for the continuous maintenance and upgrade of NamPower’s transmission infrastructure, while expanding it to accommodate the growing electricity demand and generation integration in the country.

In a statement the company said that in its effort to upgrade its infrastructure, two transformers from India, recently arrived at the Walvis Bay Harbour.

According to NamPower, the transformers have a voltage ratings of 330/132/22kV and 80 MVA capacity and the 71 tons (each) transformers, which are being transported by road, are headed to the new Hippo Substation next to Ruacana Power Station.

“The new transformers will replace the existing aging 330/66/22kV, 40 MVA capacity coupling transformers, which have reached their end of life of more than 30 years at the Power Station,” the firm said.

The new transformers have a larger capacity of 80 MVA, to cater for the increased demand in the northern central area, and to maintain redundancy, NamPower added.

Meanwhile, NamPower said it will continue to maintain and upgrade its transmission infrastructure, while expanding it to accommodate the growing electricity demand and generation integration in the country.


Caption: Abnormal load – Two transformers from India, recently arrived at the Walvis Bay Harbour.


About The Author

Musa Carter

Musa Carter is a long-standing freelance contributor to the editorial team and also an active reporter. He gathers and verifies factual information regarding stories through interviews, observation and research. For the digital Economist, he promotes targeted content through various social networking sites such as the Economist facebook page (/Nameconomist/) and Twitter.

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

Promotion

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.