HomeIndustry SectorsFinance and PolicyEskom secures new deal with NamPower

Eskom secures new deal with NamPower

On Thursday, Eskom signed a five year firm electricity sales agreement with Namibia’s national electricity utility NamPower.

The agreement was signed at the 42nd Southern African Power Pool (SAPP) executive committee meeting in Maseru, Lesotho.

NamPower secures energy security

This agreement confirms Eskom’s commitment to powering the SADC region and is testament to the long noble history of power trading between the sister utilities.

Eskom interim chief executive Matshela Koko, commented: “Eskom has turned around and we are now open for business with surplus capacity available to empower economic growth. This agreement provides energy security to Namibia and allows for economic development and growth in the country without electricity availability concerns.”

NamPower and Eskom have enjoyed a healthy, cordial, trade relationship through their bilateral agreements over the years, the parastatal highlighted in a statement.

The power supply situation in the region is currently under control and NamPower will continue to employ all possible means, including demand side management measures, to ensure that the delivery of electricity supply services to the national economy is carried out in a sustainable manner. Read more…

NamPower general manager energy trading, BJ Mbuere ua Mbuere, said:“To supplement its generation capacity, improve its import portfolio and have diversified energy imports, NamPower has entered into a number of power purchase agreements (PPAs), of which the biggest import portfolio is with Eskom through this new bilateral agreement.

“Currently, NamPower has concluded a number of projects to establish renewable energy projects in Namibia and to enhance its local production.”

Regional electricity supply

According to Koko: “It is tragic that our region still struggle to provide access to electricity for all its citizens and to power their industries and mines, stunting economic growth and failing to provide employment for all of our people.

“Eskom believes that the challenge now is to focus on strengthening the transmission interconnection between the various countries to allow the sharing of the available power.”

He added: “Eskom stands ready to supply electricity to the region, allowing the growth of our economies, creating an increased demand for electricity, which in turn will stimulate the regional power generation sector.”

The SADC region’s future has never looked brighter as all the regional electricity utilities collaborate through their SAPP membership and confirm their commitment to each other and to empowering economic development for all.

Eskom intends to conclude agreements with other SAPP members before the end of the month. Read more…

Long-term agreements are already in place with LEC of Lesotho and SEC of Swaziland.



Featured image: 123rf

Ashley Theron
Ashley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa.