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Public meetings on coal power station commences

NamPower and Aurecon on Wednesday, 18 January began with the extensive public participation meetings aimed to engage stakeholders and members of the public on the proposed Erongo Coal Power Station. (Photograph by Johanna Absalom)NamPower and Aurecon, the consultant company hired to conduct the Environmental Socio Economic Impact Assessment  for the Erongo Coal Power Station, began with the second round of public participation meetings in Windhoek on Wednesday.
Diane Erasmus of Aurecon said that the meetings are being held to allow members of the public to obtain information about the proposed project, to view documents, critique and also give recommendations.
A number of sites (east of Arandis, west of Arandis and east of Walvis Bay) were inspected, with the site east of Arandis currently first in line as the potential location for the Coal Power Station.
The assessment was conducted at various sites in the Erongo region in order to understand the environmental characteristics of the various potential sites for the power station.
The proposed Erongo Coal Power Station will have an an initial capacity of 150MW to 300MW, which could increase to 800MW depending on NamPower’s  future energy requirements and the future capacity of coal import facilities.
The planned power station will include an access road for vehicles and rail access to bring coal to the site from the port of Walvis Bay, amongst others.
According to Erasmus, once the reviewing process of the assessment study has been completed, a report will be presented to the Ministry of Environment and Tourism, which will then approve the final report before operational activities and execution of the project takes off.
Experts will also carry out an inspection after the assessment has been completed and approved by relevant authorities.
The first round of meetings and consultation started in September 2011 at the coastal towns.
Some of the concerns raised by members of the public at the meeting on Wednesday, included issues of sustainability, the quality of coal for combustion as well as the economic impact and its implications on tariffs and the cost of electricity.
According to the report, coal will be imported through the port of Walvis Bay from South Africa, Botswana, Australia and Indonesia.
The Coal Power Station is expected to provide great impetus to the development of Arandis and has the potential to transform the town into an industrial hub.

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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.