Wednesday, July 2, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Investments

Namibia has reached a $89 million agreement with Chinese companies to construct its largest solar power facility

Tech Gist Africa by Tech Gist Africa
09/16/2024
in Investments, News - South Africa, Solar Energy
0 0
1
Solar Energy

Solar Energy

0
SHARES
Share on FacebookShare on Twitter

Namibia’s state-owned utility, NamPower, has agreed to develop the largest solar power plant in the nation, valued at N$1.6 billion ($89 million), with two Chinese companies.

The 100 MW Rosh Pinah plant will be designed and built over the course of 18 months by the Chinese companies, Zhejiang Chint New Energy Development and China Jiangxi International Economic and Technical. It is anticipated that commercial operations will start in 2026’s second quarter.

The plant will assist economic growth, stabilise potential increases in electricity tariffs, boost Namibia’s energy independence, and advance environmental sustainability.

Namibia has depended on power imports from nations like Zambia, Zimbabwe, and South Africa (Eskom), therefore this development is vital. According to reports, its power purchase arrangement with Eskom would run out in 2025.

Notably, NamPower will contribute the remaining cash from its balance sheet, with the German development bank KfW funding 80% of the N$1.4 billion ($78.33 million) project.

A group of Chinese firms led by China Harbour Engineering Co. negotiated an agreement in August 2024 to construct a 100 MW solar project in Botswana, another country in Southern Africa. The plant is expected to be completed in the second quarter of 2026 and will cost $78.3 million. The second utility-scale renewable energy facility in the nation will be this one.

Furthermore, the contractor selection process for Ghana’s first nuclear power station, scheduled for construction by December 2024, began in May 2024. China National Nuclear Corporation was one of the contractors bidding on the project.

Furthermore, 2,500 megawatts (MW) of new power are wanted in South Africa, which runs the continent’s only nuclear power station, Koeberg. Eskom of South Africa was granted authorisation in July 2024 to operate one of its two units for an additional 20 years, until July 2044.

A research states that Namibia’s annual total electricity demand is forecast to be 600 MW, with annual growth predicted to be 5%. The nation’s generating capacity, however, is only about 500 MW.

Namibia will have 100 MW more installed power capacity thanks to the new facility.

 

Read more on Tech Gist Africa: 

JABU, a Namibian e-commerce startup, raises $3.2 million in a seed round

JABU, a last-mile distribution e-commerce retail platform in Namibia, has raised $15 million in a Series A round of funding

Namibia has launched Crypto Kiosk, the country’s first Bitcoin ATM

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Zero Carbon Charge South Africa
Investments

Zero Carbon Charge, a South African startup secures US$5.6 Million investment

by Tech Gist Africa
06/15/2025
0

Zero Carbon Charge, a pioneering South African startup specializing in off-grid, solar-powered electric vehicle (EV) charging stations, has secured a...

Read more
Nile South Africa

Nile, a South African Agri-Tech Startup Secures $11.3 Million in a funding round

06/15/2025
DHL Group

DHL Group to Invest $575 Million in Healthcare and Logistics Expansion Across Africa and the Middle East

06/15/2025
Cutstruct Nigeria

CutStruct, a Nigerian construction-tech startup, has raised US $1.5 million in a seed funding round

06/15/2025
Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

06/15/2025
Next Post
Launch Africa Ventures

Launch Africa Ventures, an early-stage venture capital firm, has launched a mezzanine impact fund

Kasha Rwanda

Kasha, a Rwandan startup providing access to digital health, raises funding for growth

Apple iPhone15

Apple will officially discontinue three iPhone series in 2024

Comments 1

  1. Pingback: Namibia has reached a $89 million to construct solar power facility - Africapost
No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.