Nampower, Cerim Lüderitz in N$1.4 billion Lüderitz wind IPP power plant deal

NamPower has signed Power Purchase (PPA) and Transmission Connection (TCA) agreements with CERIM Lüderitz Energy (PTY) LTD for the development of the 50MW Lüderitz Wind Power Plant on a Build-Own-Operate Basis, and the associated transmission connection infrastructures required to connect the power plant to the Namibia Grid.

The power plant which will cost approximately N$1.40 billion will be located about 16km south of Lüderitz Town.

According to the Project Agreements, CERIM will be responsible for the complete development of the power plant, which include the financing, construction, operation, and maintenance thereof, while NamPower will be the exclusive off taker of electricity generated from the power plant for the 25 years PPA Term. NamPower and CERIM LÜDERITZ ENERGY envisaged that the development of the CERIM Luderitz Wind Park will be completed within a period of 27 months from the PPA signature date, thus commercial operation is expected by July 2025.

The 50MW Lüderitz Wind IPP Power Project forms part of NamPower’s planned generation projects under its Integrated Strategy and Business Plan (ISBP) for the period 2020 – 2025. The ISBP outlines the company’s strategic focus, which include the prioritisation of local renewable resources over the five years (2020-2025) in line with the Ministry of Mines and Energy (MME)’s determination on the development of generation capacities. The 50MW Lüderitz Wind IPP Power Project will contribute towards the fulfilment of national policy goals such as the Namibia Integrated Resource Plan (NIRP) for the electricity sector, National Energy Policy, Renewable energy Policy as well as the Fifth National Development Plan (NDP5).

The 50MW Lüderitz Wind IPP Power Project will contribute towards local economic employment creation as semi-skilled and unskilled labour which will be sourced from the //Kharas Region.

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