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Erongo 250mW power plant on final tender

The development of a 230 to 250mW  medium to long-term generation facility worth N$3 billion at the coast in the Erongo Region will enter its procurement process with a tender closing this Friday 12 September for the top six bidders after which evaluation will start.
The tender closing follows a compulsory bidders conference which was held in July with the main aim of engagement between the bidders and NamPower.
National power utility, NamPower, told the Economist this week “it is envisaged that the evaluation process will take about three weeks after which a recommendation of preferred bidder and reserve bidder will be submitted to NamPower’s Special Advisory Tender Committee.”
The six bidders involved in this tender include Aggreko International Projects (South Africa), Sinohydro Corporation (China), Arandis Power (Namibia), PPN Power Generation Company (India), Sum International Consulting (United Kingdom) and Xaris Energy (Namibia).
The race for the right to develop this facility serves to bridge the medium to long-term power supply gap and ensure security of electricity supply for the next five years.
The development of a small-scale power plant at Walvis Bay is seen as part of a broader strategy to alleviate the country’s immediate power woes and is developed only as a relief mechanism and not as a long-term solution.

Meanwhile in other related issues pertaining to power, the recent river flow charts for the Kunene River shows a steady deterioration in water flow.
 A slight increase was noted a week ago of which Nampower said “The increase in river flow can be attributed to power generation at Gove and Matala Power Stations in Angola respectively.” The flow in the Kunene recently improved to 120 cubic metre per second but this week is was down again to a dismal 81m3 per second.
“The Matala Dam was undergoing renovation and upgrades so the increase in river flow could be as a result of testing and commissioning of new gates,” Nampower said.
According to NamPower, the river flow has been above normal flow levels until the recent drop-off meaning that the power station has been able to generate more electricity during this period of July and August. “The river flow has been more stable this year as compared to previous years whichindicated some degree of river flow regulation at Gove and Matala Dams,” NamPower added.

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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.