CHAMWE KAIRA
Alpha Namibia Industries Renewable Power Limited (ANIREP) is expected to approve new board members during the Annual General Meeting (AGM) of its shareholders that will be held on 29 November.
The meeting is also expected to resolve that no dividend is declared for the year ended 29 February, according to a notice on the Namibian Stock Exchange.
The meeting is expected to accept the retirements of Sphiwe Mayinga, non-executive director, James Nyandoro as executive director and Denis Maxiwell as a member of the investment committee.
The meeting is also expected to re-appoint Dr. Mac Hengari and Ambassador Philemon Kambala as directors.
The new board members expected to be appointed will be Elvis Nashilongo as non-executive director, Dr. Candice Hartley as non-executive director, Dr. Eino Mvula as non-executive director and Veneranda Mahindi as executive director.
Currently, the company owns a total generation capacity of approximately 13.34 MWp.
The National Integrated Resource Plan projects that by 2030, renewable sources will account for over 70% of the country’s installed electricity capacity.
Namibia’s abundant wind and solar resources position it as one of the most cost-effective regions for producing renewable energy.
With a vision to secure a 30% market share in the renewable energy sector, ANIREP is dedicated to pursuing renewable energy installations for prospective buyers, exploring acquisition opportunities, fostering capacity development initiatives, and engaging in Engineering Procurement and Construction (EPC) and Operations Maintenance projects.
The company’s projects include the 25 MWp PV plant in Khan currently under construction, the installation of 6.8 MWp of solar PV and a 3 MWp/9 MWh Battery Energy Storage System in Otjiwarongo, and the establishment of a 25 MWp PV power plant at Kokerboom to supply power to Dundee Precious Metals.
The company aims to further increase its capacity by 70 MWp by the 2025/2026 year-end, with a long-term goal of surpassing 200 MW. This growth aligns with Namibia’s renewable energy targets, aiming to reach 760 MW by 2030.
ANIREP is listed on the Namibian Stock Exchange (NSX) in 2019 as part of its expansion plans.
Namibia is currently facing an energy deficit, leading to the importation of electricity from the region.
The country’s goal is to become a net exporter of renewable electricity by 2030.
