Nored settles N$341m debt with NamPower

The Northern Regional Electricity Distributor (Nored) has announced that it has fully settled its historic debt of N$341 million owed to the national power utility, NamPower.This was confirmed in a statement issued on Friday by Nored’s acting CEO, Toivo Shovaleka.“In June 2023, NamPower had temporarily suspended electricity supply to Nored due to an outstanding historic debt amounting to N$341 million. Subsequently, Nored entered into a debt repayment agreement with NamPower in June 2023 to settle the same,” Shovaleka wrote.“Nored values the support and understanding of all its stakeholders during those challenging times and assures you of our commitment to preventing future disruptions of electricity supply related to the subject matter," he added.He confirmed that the N$341 million was fully settled on 9 June.“We gladly proclaim that the Nored account with NamPower is now up to date and in good standing.”Shovaleka said the utility company remains committed to providing high-quality services.“As a responsible corporate entity, we would like to assure our key stakeholders, customers and the public at large that we remain committed to the uninterrupted continuation of the supply of quality, affordable and reliable electricity,” Shovaleka said.“In this endeavour, we are encouraging all our customers to continue paying their accounts on time and to refrain from illegal connections and meter bypasses.”kenya@nmh-hub.com.na

Nored settles N$341m debt with NamPower

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Namibian Sun 2025-09-03

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Nored settles N$341m debt with NamPower

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Namibian Sun 2025-09-03

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