O&L to invest N$ 2 Billion in solar powerplant

Niël Terblanché Nexentury, the energy subsidiary of the Ohlthaver and List Group will invest more than N$1 billion in the construction of a 100 Mega Watt solar power plant near Windhoek. The announcement by the O&L Group follows shortly on the heels of the Electricity Control Board’s (ECB) approval of Nexentury’s generation and export licenses. Both licenses are valid for 25 years and Nexentury indicated that Phase 1 of the project will be operational by July next year. Nexentury’s Managing Director, Bernd Walbaum said the more than N$1 billion project is aligned with the parent company’s mission statement, ‘Creating a…