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First of a kind Vehicle-Grid-Integration Electric Cars pilot project inaugurated

First of a kind Vehicle-Grid-Integration Electric Cars pilot project inaugurated

The United Nations Development Programme (UNDP) Namibia office in collaboration with UNICEF Namibia inaugurated the Vehicle-Grid-Integration (VGI) Electric Cars pilot project in Windhoek on Friday.

The pilot project is one of the pioneers of VGI technology and electric vehicles in Namibia and the first of its kind in a UN compound in Africa.

Speaking at the event, UNDP Resident Representative to Namibia, Alka Bhatia said the electric cars that were being showcased are extraordinary.

“As you will hear from the presenters, the cars come with quite interesting technology known as Vehicle Grid-Integration that sets these cars apart from other electric cars,” she added.

According to Bhatia Namibia is making great strides in the energy sector and by using the cars and charging them through the solar energy, the move will contribute to UN’s Greening the Blue efforts and reduce our carbon emissions significantly.

According to Bhatia in 2017 the UN House Namibia adopted solar power with the installation of 104 Kilowatts Peak solar PV system.

“This system has been combined with electric vehicle connected via bi-directional power charger this year,” she added.

Meanwhile, the Vehicle Grid Integration is a way where the electric vehicles can provide benefits or services to the grid by using bi-directional charging or managing the charging time and levels.

Using VGI charging station enable stored energy in the electric vehicles to be sold back to the grid, and it can also provide building load peak shaving and energy shifting, among many other benefits which reduce the cost of owning an electric vehicle in the Country Office.

One of the motives for introducing electric-powered cars into the market is to meet the challenge over greenhouse gas emissions, which contribute to global warming and climate change, the UN concluded.


Caption: Lets go green. Learners pose with one of the electric vehicles during the inauguration of the Vehicle-Grid-Integration (VGI) Electric Cars pilot project at UN House.


 

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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.