DEVELOP IT: Business man and former Nampower executive Leake Hangala has called for the development of the Kudu licence.
DEVELOP IT: Business man and former Nampower executive Leake Hangala has called for the development of the Kudu licence.

Time ripe to exploit Kudu, says Hangala

‘Namibia could sell electricity to SA’
The changes in the Southern Africa Power Pool allow Namibia to position itself as an energy exporter, the businessman said.
Ogone Tlhage
Ogone Tlhage

WINDHOEK

Former NamPower executive and businessman Leake Hangala says government should mobilise resources to develop the Kudu power project, adding that dynamics within the southern African region had changed from a power-security perspective.

Making the comments on Twitter, he said government could look to neighbouring South Africa as an off-taker for electricity to be produced from the plant, due to that country’s power woes.

South Africa is currently besieged with power cuts imposed by state-owned enterprise Eskom who implemented stage six ‘load shedding’, eyeing electricity savings of 6 000 megawatts (MW) for up to six hours from its power pool.

“Namibia should help our ANC [African National Congress] comrades to end load shedding by selling to them electricity from the Kudu gas power station that should be established in Namibia urgently. It is not unrealistic for Namibia to sell 400 to 600 MW to Eskom. Government should facilitate that process urgently,” Hangala said.

When asked to elaborate, he said the project can be brought to fruition because of strong fundamentals backing it.

“Everything has its time. There are a number of things that make it viable; there are a number of things that have changed internationally and regionally.”

Good position

Hangala also hailed the presence of Kudu licence investor BW Energy, which he said had the appetite to develop the project.

“There is a natural market and there is a strong investor in Kudu.”

He further noted a decision by Zambian power supplier Zesco to impose load shedding in that country over drastic reductions in water levels for electricity generation at the Kariba Dam, who also announced that it would not be exporting electricity to other countries.

The changes in the Southern Africa Power Pool made all the more reason for Namibia to position itself as an energy exporter, Hangala said.

“Most importantly is the energy market locally, regionally and internationally. Namibia is in a good position to develop Kudu. As a country, we must take advantage of this,” he said.

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Namibian Sun 2024-11-10

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Premier League: Liverpool 2 vs 0 Aston Villa | Brighton 2 vs 1 Manchester City | Wolves 2 vs 0 Southampton | West Ham 0 vs 0 Everton | Crystal Palace 0 vs 2 Fulham | Brentford 3 vs 2 Bournemouth Katima Mulilo: 21° | 34° Rundu: 20° | 25° Eenhana: 19° | 29° Oshakati: 22° | 30° Ruacana: 20° | 31° Tsumeb: 21° | 30° Otjiwarongo: 18° | 30° Omaruru: 16° | 31° Windhoek: 15° | 28° Gobabis: 16° | 31° Henties Bay: 12° | 19° Wind speed: 26km/h, Wind direction: S, Low tide: 04:05, High tide: 10:43, Low Tide: 17:11, High tide: 23:27 Swakopmund: 14° | 15° Wind speed: 37km/h, Wind direction: SW, Low tide: 04:03, High tide: 10:41, Low Tide: 17:09, High tide: 23:25 Walvis Bay: 12° | 21° Wind speed: 39km/h, Wind direction: SW, Low tide: 04:03, High tide: 10:40, Low Tide: 17:09, High tide: 23:24 Rehoboth: 14° | 30° Mariental: 13° | 30° Keetmanshoop: 10° | 28° Aranos: 14° | 31° Lüderitz: 14° | 24° Ariamsvlei: 11° | 29° Oranjemund: 15° | 20° Luanda: 25° | 26° Gaborone: 18° | 22° Lubumbashi: 16° | 32° Mbabane: 17° | 21° Maseru: 12° | 26° Antananarivo: 15° | 32° Lilongwe: 23° | 34° Maputo: 21° | 29° Windhoek: 15° | 28° Cape Town: 15° | 24° Durban: 18° | 20° Johannesburg: 15° | 20° Dar es Salaam: 25° | 31° Lusaka: 22° | 34° Harare: 21° | 33° Currency: GBP to NAD 22.67 | EUR to NAD 18.84 | CNY to NAD 2.45 | USD to NAD 17.58 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.25 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.06 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 133.12 | USD to AOA 909.05 | USD to BWP 13.4 | USD to EGP 49.25 | USD to KES 129.2 | USD to NGN 1664.84 | USD to ZAR 17.59 | USD to ZMW 27.2 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1851.79 Down -1.41% | Casablanca Stock Exchange (CSE) MASI 14663.22 Up +1.21% | Egyptian Exchange (EGX) 30 Index 31267.47 Up +0.72% | 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 - 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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$ 2 684.46/OZ DOWN -0.0083 | Copper US$ 4.30/lb DOWN -0.027 | Zinc US$ 3 003.50/T UP 0.17% | Brent Crude Oil US$ 74.29/BBP DOWN -0.0215 | Platinum US$ 969.80/OZ DOWN -0.0274