Namibia’s state-owned power utility, NamPower, has secured a contract with Chinese companies China Jiangxi International Economic and Technical Cooperation Co. Ltd and Chint New Energy Development (Zhejiang) Co. Ltd to construct the country’s largest solar power plant. The $78.33 million project will add 100 megawatts to Namibia’s existing capacity of about 500 MW, helping reduce reliance on imports from Zambia and South Africa. The solar plant is expected to stabilize electricity tariffs, support economic growth, and enhance environmental sustainability. German development bank KfW will fund 80% of the project, with NamPower covering the remainder. Construction is slated to take 18 months, with the plant set to commence commercial operations in the second quarter of 2026.
SOURCE: REUTERS
