CHAMWE KAIRAÂ
Alpha Namibia Industries Renewable Power (ANIREP) Limited has announced that in accordance with the Namibia Securities Exchange listings requirements, it informed shareholders of the resignation of Dr MacAlbert Hengari from the board of ANIREP Limited.
This follows his appointment to the cabinet as Minister of Agriculture, Fisheries, Water and Land Reform.
The board expressed sincere gratitude to Hengari for his dedicated service since March 2018. Hengari was appointed chairperson of the board in September 2020 and has led with diligence and unwavering commitment throughout his tenure.
ANIREP extended its best wishes to Hengari as he undertakes to contribute meaningfully to Namibia’s sustainable development and food security.
The deputy chairperson of the board, Gida Sekandi, will serve as interim chairperson until a substantive appointment is made.
Furthermore, ANIREP told shareholders that another change to the board has occurred after Dr Candice Hartley tendered her resignation from the board of ANIREP Limited as an independent non-executive director due to a subsequent conflict of interest.
The board expressed its appreciation to Hartley for her willingness to serve the company.
The board said it was pleased to announce the appointment of Dr Eunice Cross as an independent non-executive director with immediate effect, replacing Hartley.
This appointment was made in accordance with Article 30.7 of ANIREP’s Articles of Association, which authorises the board to fill casual vacancies for the remainder of the outgoing director’s term. Thus, her term will conclude on 31 December 2027.
Cross is an admitted attorney of the Law Society of South Africa and brings with her more than two decades of experience in mergers and acquisitions, commercial and corporate law, banking and finance law, corporate governance, and structuring complex financial transactions.
She holds a PhD in Business Administration and Management and a Master of Laws (LLM) – Commercial Law, both from the University of Witwatersrand.
ANIREP was formed and incorporated in Windhoek in 2018.
ANIREP is taking advantage of the environment created by the government for mobilising private sector investment into power projects, well ahead of its peer governments in the SADC region.
This includes cost-reflective tariffs, an independent and functional regulator, and significant steps towards a competitive market structure, including the ability to purchase power from any generator other than NamPower.
The aim is to become the largest developer and operator of utility-scale renewable energy assets in the country and grow a well-established brand, leveraging the track record of Hopsol Africa and ANIREP Solar.
The company is seeking to drive the cost of electricity towards the long-term goal of U$0.03 per kWh, using our in-house capabilities to reduce the development cost and an appropriate capital structure to reduce the funding cost by mobilising significant long-term equity capital and competitively priced debt.
