-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
The World Bank Group's multilateral investment guarantee agency, MIGA, has pledged $18 million in financing guarantees
for several solar photovoltaic projects in Namibia.
It is reported that the World Bank Group's financing guarantees can help projects obtain long-term financing, offset expropriation risks, and avoid risks such as transfer restrictions and non-convertibility, default, and war/civil unrest
.
The projects were financed
by a $15 million equity investment from South African bank Investec and a $3 million equity investment from infrastructure investor CIGENCO.
Both financing packages are provided
in the South African rand, the South African currency.
MIGA's guarantee will cover 95% of loans and 90% of equity investments
.
The two PV plants, which have had a 25-year power purchase agreement, have already won bids
under Namibia's Temporary Renewable Feed-in Tariff (REFIT) scheme.
The electricity will be sold to state utility NamPower
for the equivalent of $0.
11/kWh.
There are several small PV projects under construction in Namibia, which are seen as power solutions
to the country's growing population.
A 45.
5 MW PV plant is also underway in the southern part of the capital Windhoek and, once completed, is expected to meet about 3% of the country's electricity demand
.
Currently, Namibia has two operational PV projects, namely the 5 MW Otjozondjupa Solar Park and the 4.
5 MW Omburu Solar Park
.
In 2016, 68% of the electricity consumed by Namibians was imported from South Africa
.
The World Bank Group's multilateral investment guarantee agency, MIGA, has pledged $18 million in financing guarantees
for several solar photovoltaic projects in Namibia.
It is reported that the World Bank Group's financing guarantees can help projects obtain long-term financing, offset expropriation risks, and avoid risks such as transfer restrictions and non-convertibility, default, and war/civil unrest
.
The projects were financed
by a $15 million equity investment from South African bank Investec and a $3 million equity investment from infrastructure investor CIGENCO.
Both financing packages are provided
in the South African rand, the South African currency.
MIGA's guarantee will cover 95% of loans and 90% of equity investments
.
The two PV plants, which have had a 25-year power purchase agreement, have already won bids
under Namibia's Temporary Renewable Feed-in Tariff (REFIT) scheme.
The electricity will be sold to state utility NamPower
for the equivalent of $0.
11/kWh.
There are several small PV projects under construction in Namibia, which are seen as power solutions
to the country's growing population.
A 45.
5 MW PV plant is also underway in the southern part of the capital Windhoek and, once completed, is expected to meet about 3% of the country's electricity demand
.
Currently, Namibia has two operational PV projects, namely the 5 MW Otjozondjupa Solar Park and the 4.
5 MW Omburu Solar Park
.
In 2016, 68% of the electricity consumed by Namibians was imported from South Africa
.
