STAFF WRITER
NAMIBIAN Stock Exchange (NSX) listed power company, Alpha Namibia Industries Renewable Power Limited (ANIREP) has satisfied conditions set for the acquisition of a 45 percent stake in Cerim Luderitz Energy (CERIM) for N$60 million.
The deal will bring the anticipated 100 megawatt clean energy project in the Southern part of Namibia closer to reality .
Some of the key conditions satisfied by ANIREP include completing a sales and purchase agreement,getting approval from Namibia Power Corporation (NamPower) and the Electricity Control Board(ECB) as well as completing a due diligence process.
CERIM, is an Independent Power Producer (“IPP”) currently developing a 50 MW (AC) Wind Power Plant located 17km south of Lüderitz in the ǁKaras Region.
Meanwhile ANIREP is developing a proposed 100MW solar farm and overhead transmission line to supply renewable energy to contestable customers in terms of the Modified Single Buyer(“MSB”) Framework.
The deal will see large electricity consumers, such as mines, regional distributors, and municipalities buying up to 30% of their electricity directly from Independent Power Producers (IPPs).
ANIREP Managing Director Iyaloo Ya Nangolo said the projects showcases the company’s expansion plans and presents future opportunities for growth.:
“The Kokerboom 100 MW Solar Farm represents a strategic expansion of ANIREP’s grid- connected renewable energy assets. With direct access to transmission infrastructure, the site is also well-suited for future integration of Battery Energy Storage Systems (BESS) to support grid stability and enable dispatchable supply to contestable customers,” Ya Nangolo said.
According to Ya Nangolo the development aligns with the goals of Namibia’s Integrated Resource Plan and Fifth National Development Plan (NDP5), which target 755MW of installed capacity and 70% renewable energy generation by 2030.
“Building on the successful launch of the Moses ǁGaroëb Khan 25MWp solar PV plant and the recent acquisition of the 50MW CERIM Wind Project, the completion of Kokerboom will bring ANIREP’s renewable energy portfolio to over 190MWp of diversified, clean energy capacity,” Ya Nangolo said.
ANIREP is riding on a N$5 billion Green Bond listed in 2024.
To date ANIREP has secured the contiguous land extending 250 hectares on Portion 9 of the farm Klein Spitskop in ǁKaras region and obtained an Environmental Clearance Certificate (ECC) for the proposed 100MW solar farm and overhead transmission line on the land.
The project will include the development of 743 hectares of land into a power generating facility and the construction of a 40km 132 kV transmission line to evacuate power to the Namib substation.
The project is also underpinned by a 25-year Power Purchase Agreement with NamPower, Land Lease Agreement in the Tsau ǁKhaeb national park, an Environmental Clearance Certificate and a Transmission Connection Agreement.
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