News24 Business | Chinese firms to build Namibia’s largest solar power plant
Top Stories Tamfitronics
The solar plant will add 100 MW to Namibia’s power supply. (Bilanol/ Getty Images).
- For climate change news and analysis, go toNews24 Climate Future.
Namibia’s state-owned power utility NamPower on Monday said it had signed a contract with two Chinese firms to start building the country’s largest solar power plant.
The southern African country is a net importer of electricity, relying on neighbouring Zambia and South Africa for power, but the plant will add 100 megawatt to its current total installed power capacity of roughly 500 MW.
The plant will help stabilise future electricity tariff increases, support Namibia’s economic growth and promote environmental sustainability, Kahenge Haulofu, NamPower managing director, said in a statement.
Some 80% of the 1.4 billion Namibian dollar ($78.33 million) project will be funded by German development bank KfW, while NamPower will contribute the remaining funds from its balance sheet.
Firms China Jiangxi International Economic and Technical Cooperation and Chint New Energy Development (Zhejiang) will take 18 months to complete the power plant and commercial operations are set to begin in the second quarter of 2026.
We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.