Page 9 - AfrElec Week 15 2022
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AfrElec POLICY AfrElec
Namibia to import electricity worth
$500mn over 10 years from Zambia
NAMIBIA ZAMBIA’S electricity utility has signed a 10-year as a key electricity trading utility in southern
agreement worth $500mn to supply 80MW of Africa through expansion and upgrading trans-
electricity to Namibia, according to reports. mission lines across the country to ensure stable
The deal, signed on Tuesday (April 12) adds supply for the local market and creating interface
to an existing 2020 agreement whereby the Zam- points with other utilities around the region.
bia Electricity Supply Corporation (ZESCO) NAMPOWER managing director, Simson
provides 100MW to the Namibian Power Supply Haulofu said the 80MW will boost his country’s
Company (NAMPOWER), according to QFM energy supply system.
of Zambia. Power Africa, a US government energy
ZESCO managing director Victor Mapani investment arm focused on Africa, says Namib-
said Zambia will earn $50mn yearly over the next ia’s generation mix primarily utilises hydro-
10 years under the power export deal which, he power. About 60% of its electricity comes from
added, “marks progress towards ZESCO’s mis- South Africa and another portion from the
sion to innovatively deliver excellent electricity Southern Africa Power Pool. It says the country’s
and other energy services through effective and installed capacity is 680MW with hydro contrib-
efficient work processes anchored on financial uting 347MW, coal (122MW), wind (7MW) and
prudence as the hallmark”. solar (163MW).
He said ZESCO is on a drive to position itself
Week 15 14•April•2022 www. NEWSBASE .com P9
