24 Mar 2017 17:00pm
WINDHOEK, 24 MAR (NAMPA) National power utility, NamPower, on Thursday signed a new five-year Power Supply Agreement (PSA) with South Africas Eskom for the supply of 200 megawatts (MW) of electricity.
NamPower Divisional Manager for Energy Trading, Berthold Mbuere and Eskom Interim Chief Executive Officer, Matshela Koko signed the agreement in Maseru, Lesotho on the sidelines of the 42nd Southern African Power Pool (SAPP) Executive Committee meeting.
The current agreement will come to end on 30 March 2017.
A statement issued here Friday by NamPower Manager for Corporate Communications and Marketing, Tangeni Kambangula says the signing of the agreement is testimony to the extensive and noble history of power trading between the two utilities.
It said they have enjoyed a mutually beneficial relationship through various bilateral agreements, adding NamPower has entered into a number of PPAs of which the biggest import portfolio is with the South African power utility.
This new agreement is in efforts to supplement NamPowers generation capacity, improve its import portfolio and have diversified energy sources.
NamPower further said it concluded a number of plans to establish renewable projects in Namibia to enhance its local generation.
Quoted in the statement, Koko said the agreement provides energy security to Namibia and allows for economic development and growth in the country without electricity concerns.
Eskom has turned around and we are open for business with surplus capacity available to Namibia to empower economic growth, Koko said.
Mbuere said NamPower will continue to employ all possible means to supplement its generation capacity to ensure security of supply.
The power supply situation in Namibia and the region is currently under control and NamPower will continue to implement various efforts including demand side management initiatives to ensure that the delivery of electricity is carried out in a sustainable manner.