Namibia to go ahead with $1.1 bln dam with Angola


Namibia and Angola are moving ahead with a $1.1 billion hydropower plant on a river that runs along their common border in a bid to end power disruptions that have plagued their economies for decades.

After a series of delays, the project, which includes a hydropower station and a storage dam in the Kunene river, is expected to be ready by 2017, the head of Namibia’s state-utility firm NamPower told Reuters.

“That project is going well. It’s a joint venture project between the two governments and 50 percent of the cost is covered by Angola and the other 50 percent by Namibia,” said Paulinus Shilamba, on the sidelines of an investment conference in Luanda late on Thursday.

Shilamba said private investors could also be invited to participate in the Baynes Project.

“There are no private parties but I don’t exclude the possibility of private companies coming in.”

Environmental and feasibility studies of the 400-megawatt (MW) Baynes hydroelectric project should be ready before the end of the year, he said. Both nations will then look for contractors to build the power station.

Marred by delays, the huge dam is seen as a milestone for both African nations in their bid to end power disruptions that have plagued their economies for decades.

SOURCED FROM REUTERS

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