Alweendo optimistic about renewable energy prospects

19 May 2020 | Energy

NAMPA

KHORIXAS



The ministry of mines and energy is optimistic about the future of the renewable energy sector and the growing presence of international oil companies in the hydrocarbons sector, minister Tom Alweendo said.

In a recent media statement availed to Nampa, Alweendo said there are positive and encouraging signs in the country's hydrocarbons and renewable energy sectors. Alweendo made these remarks during a webinar hosted by the African Energy Chamber in partnership with Africa Oil on Power last Friday, the statement indicated.

“We have had a couple of investors that are keen on entering the market and potentially finding something.”



Reforms introduced

“On the renewable energy sector, we have been able to introduce some reforms that have made it possible for independent power producers to come into the sector and produce clean energy, especially through solar and wind,” he said. Other topics explored during the discussion included plans on the development of the Kudu gas project, to which the minister explained that they are currently relooking the project's business model and hope to move forward thereafter.

On other key projects, Alweendo said the 37 500 barrels per day barge-mounted refinery in Walvis Bay was due to be finalised in March, but was deterred by the coronavirus pandemic.



Angola-Namibia collaboration

The Angola-Namibia cross border Baynes hydroelectric dam is currently undergoing feasibility studies and is planned to commence with construction in June.

The 600MW output will be split into 300MW for Angola and 300MW for Namibia, the statement added.

Alweendo was joined by the African Energy Chamber's executive chairperson, Nj Ayuk, who encouraged a practical and realistic energy transition that addresses the continent's energy needs first, the statement added.

“Oil and gas are going to be around for a long time and will remain a major part of many countries across Africa. The same can be said for clean energy. We have to be environmentally conscious and ensure that lowering carbon emissions remains a key priority,” he said.

Similar News

 

Govt backs Recon’s Kavango oil hunt

13 hours ago | Energy

KENYA KAMBOWEKAWEDespite a number of objections against the planned oil and gas exploration at Kawe village in the Kavango East Region, the government has given...

Fuel prices remain unchanged for January

2 weeks ago - 06 January 2021 | Energy

NAMPA WINDHOEKThe ministry of mines and energy has announced that fuel pump prices will remain unchanged countrywide for January due to the...

Probe ordered into Namcor fuel deal

6 months ago - 15 July 2020 | Energy

OGONE TLHAGE WINDHOEKPublic enterprises minister Leon Jooste has confirmed an instruction to the National Petroleum Corporation of Namibia (Namcor) board to investigate allegations that the...

Fuel prices expected to remain meek

7 months ago - 04 June 2020 | Energy

Phillepus Uusiku- The association between the Organisation of Petroleum Exporting Countries (OPEC) and independent oil producers such as Russia reached an agreement last month to...

Zambia denies expropriation

7 months ago - 04 June 2020 | Energy

Zambia's government said on Wednesday it had no intention of taking over Copperbelt Energy Corp (CEC), after the company accused the government of expropriating its...

Angola's oil output to drop

7 months ago - 02 June 2020 | Energy

Oil production in Angola will fall to 1.3 million barrels per day due to the cancellation or postponement of investments planned for this year, Banco...

NamPower to electrify 1 000 households

7 months ago - 29 May 2020 | Energy

ELLANIE SMIT WINDHOEK NamPower is set to electrify 1 000 households in Windhoek's peri-urban areas at a cost of N$15.5 million. This was announced yesterday...

Covid-19 delays oil exploration in Kavango

8 months ago - 22 May 2020 | Energy

KENYA KAMBOWE KAWE Reconnaissance Energy Africa (ReconAfrica), which has an interest in exploring oil and gas in the Kavango basin,...

Alweendo optimistic about renewable energy prospects

8 months ago - 19 May 2020 | Energy

NAMPAKHORIXASThe ministry of mines and energy is optimistic about the future of the renewable energy sector and the growing presence of international oil companies in...

Fuel retailers scramble to avoid losses

8 months ago - 11 May 2020 | Energy

JANA-MARI SMITH WINDHOEK A brief stock shortage of petrol and diesel last Wednesday at some fuel stations was due to savings measures...

Latest News

Nam has exhausted 75% of...

13 hours ago | Economics

PHILLEPUS UUSIKUAccording to the World Bank’s 2020 Doing Business Report, Namibia’s ranking has deteriorated significantly in the last decade, falling from 66th place in 2010...

New year, same old auction...

13 hours ago | Fishing

MATHIAS HAUFIKUWINDHOEKTroubled state-owned fishing company Fishcor hoped to have secured N$33 million in an auction of fishing quotas whose bids closed on Friday, in part...

Govt backs Recon’s Kavango oil...

13 hours ago | Energy

KENYA KAMBOWEKAWEDespite a number of objections against the planned oil and gas exploration at Kawe village in the Kavango East Region, the government has given...

I owe GIPF nothing –...

13 hours ago | Business

STAFF REPORTERWINDHOEKBusinessman Ranga Haikali on Friday said he owes no money to the Government Institutions Pension Fund (GIPF) from the fund’s ill-fated Development Capital Portfolio...

New Shell service station opened...

13 hours ago | Business

PHILLEPUS UUSIKUThe new Oshakati Shell opened its doors over the festive season to an expecting public. With refuelling and eating options, the new Shell facility’s...

SA’s Mr Price posted a...

13 hours ago | Business

South Africa's Mr Price on Friday posted a 5.8% rise in third-quarter retail sales, supported by Covid-19 relief packages and demand for household items as...

MTC records 2.66 percent increase...

13 hours ago | Business

Mobile Telecommunications Company (MTC) on Thursday announced a 2.66 percent increase in revenue from N$ 2.613 billion recorded in 2019 to N$ 2.683 billion in...

SA’s Mr Price posted a...

13 hours ago | Business

South Africa's Mr Price on Friday posted a 5.8% rise in third-quarter retail sales, supported by Covid-19 relief packages and demand for household items as...

Heavy rain, flooding expected this...

13 hours ago | Weather

ELLANIE SMITWINDHOEKThe weather bureau has warns that heavy rain with localised flooding is likely in the Omaheke Region tomorrow.This will spread to the central-northern areas,...

Load More