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Policy & Regulation

Kudu makes last-ditch plea for government support

The project partners are restarting negotiations with the Namibian government on the possibility of financial help The project partners are restarting negotiations with the Namibian government on the possibility of financial help.
By Leigh Elston 2 November 2018 Middle East & Africa / Policy & Regulation 0 33146
Power lines in Namibia. (NamPower)

The developers of Namibia’s long-delayed Kudu gas-to-power project are petitioning the government to reconsider providing financial guarantees for the scheme, without which it cannot move forward.

State-owned utility NamPower and its partners in the project decided late last year to reduce Kudu’s costs by almost halving its planned power output, from 880 MW to 475 MW, and now have a few months to convince the government that the scheme is viable. The state financial support package will be essential to make the project bankable.

Gerson Rukata, NamPower’s...