Category: BUSINESS

WINDHOEK – Ohorongo Cement inaugurated a 5MW PV Solar Plant in September in the Otjozondjupa Region which Minister of Mines and Energy, Tom Alweendo “a significant milestone in private sector participation”, and encouraged other investors and developers to follow the example set by the project.  Alweendo said the solar project is an excellent example of how the private sector is making a significant contribution to energy security, economic growth and development and environmental sustainability.

The solar plant, which will supply the Ohorongo Cement factory with clean and affordable energy, was spearheaded by Ohorongo Cement and developed by SunEQ Four and the Hungileni Investment Group.

“This project represents a classic win-win situation for all involved – the environmental impact from the PV plant is minimal, the plant will employ additional personnel to maintain it, the Ohorongo Cement Company gets clean energy at a competitive rate, the IPP, SunEQ Four and Hungileni Investment group secured an off-taker, and given that the plant is not connected to the grid, the impact of intermittency on the grid is avoided,” said Alweendo.

Possible partnerships between the Port Authority of Douro, Leixões and Viana do Castelo (APDL) and the Namibian port infrastructure were discussed during a visit by a delegation from Namibia to the port of Leixões. The APDL considered the visit as “of great interest, not only because of the involvement and relations we have with the ports of the African continent, but also because of the development that Namibia has been experiencing at port activity level.”

The meeting was attended by the Namibian Ambassador to Portugal, members of the Ministry of Industry, Commerce and Development of SMEs in Namibia and about 30 port representatives and logisticians in Namibia, among other individuals.

Namibia offers the right environment for investment opportunities in the mining space. Its mineral wealth is as vast as its desert landscape and South Atlantic coastline.

Namibia’s mineral wealth is as vast as its desert landscape and South Atlantic coastline.

Responsible for nearly 6 percent of global uranium output as well as nearly 2 percent of the world’s diamond production, the Southern African nation is also home to significant resources of gold, copper and zinc as well as a developing offshore oil and gas industry.

Namibia consistently ranks as one of the most favored mining jurisdictions on the continent — a distinction that is much more than a mere reflection of its natural endowments, but a significant indicator of the country’s stable democracy, strong economy and well-developed mining code.

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