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National Renewable Energy Policy finalised

National Renewable Energy Policy finalised

The National Renewable Energy Policy for the country has now been finalised and is set to lean heavily towards the use of the renewable power generation options as main electrical generation source, according to a government official.

The Deputy Minister of Mines and Energy, Kornelia Shilunga highlighted this to electricity distribution delegates at the 10th Association of Electricity Distribution (AMEU/AEDU) technical conference this week in Swakopmund.

“We are all well aware that we are in the midst of significant change in the electrical energy environment and observe this with various viable solar generation plans nationally,” she said.

According to Shilunga there is a wind generation plant in Luderitz and adjustments are being made to the national regulation to provide access to more industry players, support adequate generation capacity at a competitive price.

“Technology has helped Namibia realize its untapped resource of sunshine/wind and can play a major role in developing the country at large,” she added.

Shilunga said the government is planning to commit itself to a targeted 50% rural electrification figure and 100% of all schools, hospitals and other public institutions connected to the national grid by 2020 under the Harambee Prosperity Plan.

“This plan is to be finalized soon and it is trusted that these values will remain and be achieved,” he said, adding that this will only be possible if there will be an adequate electrical supply that is affordable.

Shilunga acknowledged that access to electricity remains a challenging issue and requires commitment and prioritization by the distributors to reach the goals of the Harambee Prosperity Plan and Vision 2030.

In an annual report released in February, the Electricity Control Board (ECB), has shown an increase in Namibia’s reliance on imported power despite efforts by the government to increase generation capacity locally.

The report shows that the country saw its over-reliance on power imports growing from 52% of consumption in the financial year 2015/2016 to 60% in 2017/2018.


 

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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.