Notable progress on SORED, says ECB

Ogone Thlage
Ogone Tlhage - The Electricity Control Board (ECB) is confident that a southern regional electricity distributor will be established within the current year.

The establishment of the Southern Regional Electricity Distributor (SORED) builds on the existence of other distributors in the north, west and central parts of the country.

Speaking to ECB CEO Foibe Namene this week, she said engagements have been ongoing with stakeholders in the south.

“The ECB has appointed a consultant to develop a business plan for SORED. The municipalities in the south are aware of this appointment and have welcomed it. In fact, the consultant made a presentation to the municipalities in the south during the February 2018 stakeholder consultation meeting, where the municipalities made significant inputs towards the establishment of SORED,” said Namene.

According to her, the municipalities in the south have been part of the stakeholder consultations in the south for the establishment of Southern RED. “They have also formed part of the technical committee and shareholders committee which have been established to drive the establishment as well as operationalisation of southern RED,” said Namene.

Activities to establish the southern electricity distributor have been supported by keen municipalities, she said.

“The ECB views the above developments in a positive light, and regards them as the much-needed buy-in for the establishment of Southern Regional Electricity Distributor. The ECB is optimistic that once concerns on issues such as local authority surcharges (LA surcharges) and shareholding by the local authorities have been resolved, SORED could be established before the end of 2018,” said Namene.

According to Namene, further stakeholder engagements will be held to map out the way for the establishment of the southern RED.

“The ECB is therefore looking forward to the next technical committee and shareholders committee meeting which will take place in March, and is confident that its outcome will add weight to efforts to establish SORED before the end of 2018,” said Namene.

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Namibian Sun 2024-05-08

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 315.20/OZ DOWN 0 | Copper US$ 4.51/lb DOWN -0.0101 | Zinc US$ 2 920.40/T UP 0.31% | Brent Crude Oil US$ 83.97/BBP UP +0.50% | Platinum US$ 975.75/OZ DOWN -0.0029 Sport results: Premier League: Crystal Palace 4 vs 0 Manchester United | Liverpool 4 vs 2 Tottenham Hotspur | Brighton 1 vs 0 Aston Villa | Chelsea 5 vs 0 West Ham LaLiga: Rayo Vallecano 0 vs 1 Almería | Sevilla 3 vs 0 Granada | Valencia 0 vs 1 Deportivo Alaves | Celta Vigo 3 vs 2 Villarreal | Osasuna 0 vs 2 Real Betis SerieA: Udinese 1 vs 1 Napoli | Salernitana 1 vs 2 Atalanta | AS Roma 1 vs 1 Juventus | AC Milan 3 vs 3 Genoa | Empoli 0 vs 0 Frosinone | Hellas Verona 2 vs 1 Fiorentina | Cagliari 1 vs 1 Lecce Weather: Katima Mulilo: 14° | 34° Rundu: 18° | 34° Eenhana: 19° | 36° Oshakati: 20° | 35° Ruacana: 21° | 35° Tsumeb: 21° | 33° Otjiwarongo: 18° | 31° Omaruru: 19° | 34° Windhoek: 19° | 29° Gobabis: 18° | 30° Henties Bay: 14° | 20° Wind speed: 24km/h, Wind direction: S, Low tide: 09:28, High tide: 03:22, Low Tide: 21:38, High tide: 15:50 Swakopmund: 15° | 17° Wind speed: 32km/h, Wind direction: S, Low tide: 09:26, High tide: 03:20, Low Tide: 21:36, High tide: 15:48 Walvis Bay: 15° | 21° Wind speed: 38km/h, Wind direction: S, Low tide: 09:26, High tide: 03:19, Low Tide: 21:36, High tide: 15:47 Rehoboth: 20° | 31° Mariental: 22° | 33° Keetmanshoop: 20° | 33° Aranos: 21° | 33° Lüderitz: 15° | 24° Ariamsvlei: 18° | 34° Oranjemund: 12° | 19° Luanda: 25° | 27° Gaborone: 14° | 29° Lubumbashi: 13° | 28° Mbabane: 12° | 27° Maseru: 11° | 26° Antananarivo: 13° | 22° Lilongwe: 16° | 28° Maputo: 19° | 29° Windhoek: 19° | 29° Cape Town: 13° | 20° Durban: 17° | 27° Johannesburg: 16° | 26° Dar es Salaam: 23° | 29° Lusaka: 16° | 28° Harare: 13° | 27° Economic Indicators: Currency: GBP to NAD 23.16 | EUR to NAD 19.94 | CNY to NAD 2.57 | USD to NAD 18.57 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.31 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.64 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 133.96 | USD to AOA 834.06 | USD to BWP 13.64 | USD to EGP 47.5 | USD to KES 130.48 | USD to NGN 1404.8 | USD to ZAR 18.57 | USD to ZMW 27.24 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 77177.44 Up +0.32% | Namibian Stock Exchange (NSX) Overall Index 1714.65 Down -0.07% | Casablanca Stock Exchange (CSE) MASI 13375.47 Up +0.10% | Egyptian Exchange (EGX) 30 Index 25988.93 Down -1.67% | Botswana Stock Exchange (BSE) DCI Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 315.20/OZ DOWN 0 | Copper US$ 4.51/lb DOWN -0.0101 | Zinc US$ 2 920.40/T UP 0.31% | Brent Crude Oil US$ 83.97/BBP UP +0.50% | Platinum US$ 975.75/OZ DOWN -0.0029