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Power utility says faulty 175 tonne transformer expected back in service by April 2019

Power utility says faulty 175 tonne transformer expected back in service by April 2019

Power utility, NamPower this week said that one of the four transformers that were commissioned with the Zambezi Link Interconnector in 2010, is enroute to Eskom-Rotek Industries, South Africa via Botswana for repairs and is expected to be back in service by April 2019.

The power utility told the Economist that the transformer was stationed at Gerus Substation, near Otjiwarongo and connected the High Voltage Direct Current System to the rest of the NamPower System.

According to the utility, the system links Gerus Substation to Zambezi Substation near Katima Mulilo and the transformer left at the station is of the same capacity meaning it will be able to handle the load transfers required, so the nation should not be worried.

NamPower said internal faults were detected in the transformer through a proactive maintenance programme, and as such NamPower took a decision to de-energise the transformer to curb further damage and avoid running the transformer to failure.

The utility told the Economist that at the moment the full assessment will determine the exact cost.

“Any transformer that is not fit to operate reliably will have to be fixed to ensure that security of supply is sustained and preserved at all times for the interest of the country. The transformer is expected to be back in service by April 2019,” they said.

Asked on the move to repair it in South Africa, NamPower said the transformer was manufactured in India, and its warrantee period had lapsed.

“The closest facility that can handle a unit of this magnitude is in Johannesburg. There is not yet a facility in the country that can repair such a transformer,” Nampower added.


 

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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

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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.