Govt to refund NamWater N.dollars 235 million

16 Dec 2017 12:30pm
WINDHOEK, 16 DEC (NAMPA) – Government will refund millions of dollars availed to it by the Namibia Water Corporation (NamWater) towards some strategies countering the effects of the drought of 2016.
A total amount of N.dollars 235 million dollars, which was used for the deepening of boreholes and improving other water infrastructure, will be returned to the water utility.
Minister of Agriculture, Water and Forestry, John Mutorwa revealed during an annual general meeting with NamWater’s board of directors and management on Friday that Cabinet directed that the money be refunded.
The meeting was held to review NamWater’s annual financial statistics report for the 2016/17 financial year.
Mutorwa said NamWater had availed the funds to bail out the ministry with water infrastructure during the water crisis last year.
He reported that the money was used to deepen the boreholes at Kombat and Berg Aukas, to clean the canal which runs from Grootfontein to Omatako Dam and Von Bach Dam, and to conduct major repair work at Von Bach.
“Once the boreholes were deepened, we could get more water from underground water sources in those areas. But it required money to go deeper and install equipment capable of getting the water through the canals up to the Omatako and Von Bach dams,” Mutorwa explained.
He added that part of the money was used to assist the City of Windhoek (CoW) with drilling emergency boreholes in and around the city.
The boreholes which were drilled are part of the CoW’s assets and do not belong to NamWater, Mutorwa indicated.
“The current prevailing general economic environment in the world and in Namibia specifically, has made and is making trading conditions quite unfavourable,” Mutorwa said.
(NAMPA)
ANS/PS