10 Jun 2017 13:00pm
KARIBIB, 10 JUN (NAMPA) A solar power plant that feeds 5.28 MegaWatts (MW) into the national grid was launched at Karibib in the Erongo Region on Friday.
The N.dollars 120 million injection by MetDecci Energy Investment from South Africa and partners in Namibia is the second independent power producer in the region, next to the 4.5 MW Omburu power plant in Omaruru.
The investors signed a 25-year contract with the Karibib Town Council, whereby they will share part of their profit with the local authority when they sell electricity to NamPower.
The profit sharing is additional to the land rentals we are paying. This is because we want to contribute and increase the revenue generation of the town council, said MetDecci in Namibia Director, Barnabas Uugwanga.
Karibib Mayor Petrus Naboth said the money generated from this project will be used for infrastructure development in the town.
Jonathan Matheson from MetDecci said the 19 000 solar panel plant can power more than 3 000 households.
At the moment, Karibib uses about 3 MW while the Navachab Gold mine consumes 9 MW of electricity.
Asked what will happen after the 25-year contract expires and whether the plant might become ineffectual, Matheson said they will discuss with NamPower the possibility of selling it to them.
Officiating at the event, Deputy Minister of Mines and Energy Kornelia Shilunga said the investment was obtained through the ministrys Interim Renewable Energy Feed-in Tariff Programme.
She said the programme assists Government in strengthening the countrys security of energy supply and at the same time, opens the market to private sector participants.
Shilunga said Government recognises that Namibias energy sector is of strategic importance for the nations socio-economic growth and development.
It is for this reason that it is of critical importance that we pro-actively plan, structure and manage the energy sector and its development to ensure that this sector can optimally support many development initiatives taking place today and in future.
She noted that in efforts to ensure the energy sector remains responsive to national and international requirements and treaties, the ministry recently finalised the National Energy Policy, Renewable Energy Policy and the National Integrated Resource Plan.
We need the private sector and explicitly welcome the active participation of private sector actors such as MetDecci because Government alone cannot shoulder the immense investment requirements of the countrys energy sector, she said.
MetDecci is a conglomerate of Met Group in South Africa that supplies infrastructure for the energy and mining sectors and Decci from the Czech Republic that develops, owns and manages solar power plants.