Energy

Martin Endjala Following Vito Emerald Bidco (Pty) Ltd's acquisition of Engen Ltd, including its subsidiary Engen Namibia (Pty) Ltd ("Engen Namibia"), the Namibia Competition Commission (NaCC) has mandated a major divestiture to ensure competitive market conditions. This decision is part of the conditions imposed on the acquisition, as outlined in Notice No. 805 of Government Gazette No. 8274, dated 12, 2023. The Competition Commission's conditions necessitate the divestiture and transfer of 58 Engen and Shell service stations, along with their retail supply agreements, on reasonable commercial terms. This move is designed to address concerns about the merged entity acquiring a…

Niël Terblanché Windhoek will host the second Namibia Oil and Gas Conference from 20 to 22 August . Co-hosted by the Namibia Investment Promotion and Development Board (NIPDB) and the National Petroleum Corporation of Namibia (Namcor), this event aims to provide a platform for the public and private sectors, entrepreneurs, and the general public to explore investment opportunities in the country’s burgeoning oil and gas sector. NIPDB Chief Executive Officer, Nangula Uaandja, said that the conference will focus on five key sectors, with particular attention to energy, mining, and agriculture. Uaandja highlighted the importance of inclusive conversations among industry players…

Niël Terblanché NamPower is set to begin construction of a 40MW biomass power generation station at Otjikoto Substation near Tsumeb. With an estimated development cost exceeding N$2 billion, the project is another significant step in Namibia's efforts to enhance its energy security and utilize renewable resources. The Otjikoto Biomass Power Station, the first and largest of its kind in the country, will generate electricity through the combustion of wood chips sourced from encroacher bush that grows in the areas surrounding the envisaged plant. During a signing ceremony held in Windhoek last week, NamPower's Managing Director, Simson Haulofu, pointed to the…

Niël Terblanché Namibia reaffirmed its dedication to conserving biodiversity, highlighting the critical role it plays in sustaining ecosystems, providing food and medicine, and contributing to overall human well-being. During the celebration of International Biological Diversity Day in Lüderitz, Pohamba Shifeta, the Minister of Environment, Forestry and Tourism said that biodiversity conservation is not just an environmental issue but a foundational element for economic stability and cultural heritage. In his address, the minister pointed out that human activities such as deforestation, habitat destruction, pollution, and climate change pose unprecedented threats to biodiversity. "The loss of biodiversity has far-reaching consequences, impacting food…

Martin Endjala Namibia requires a forward-looking, fit-for-current and future-purpose Oil and Gas value blueprint and strategy. Jason Kasuto, the managing director of Monasa Advisory and Associates and chairperson of the Economic Association of Namibia, said this last week at the 2024 Africa Energies Summit in London. Kasuto emphasised the importance of using foresight tools like the Namibian Socio-Economic Assessment Model (SAM) to analyse the potential impact of future oil and gas spending across various sectors. “We must start with a thorough analysis of potential impacts across various sectors by applying socio-economic impact foresight tools such as the SAM, which is…