Gas-to-power project on track

The Star Early Edition - - BUSINESS REPORT -

NAMIBIA’S 885 megawatt Kudu gas-to-power project is still on track with a fi­nal in­vest­ment decision ex­pected by June 2015, the mines and en­ergy min­istry said. De­spite ob­jec­tions by an en­ergy lobby group against the gen­er­a­tion li­cence ap­pli­ca­tion by the gov­ern­ment power util­ity NamPower for its sub­sidiary Kudu Power, and Bri­tish company TullowOil pulling out as project part­ner last month, Kudu would go ahead. “It is a na­tional project and will achieve Namibia’s aim of self­suf­fi­ciency of power sup­ply,” Eras­tus Kahu­ure, per­ma­nent sec­re­tary in the min­istry, said. “It is a com­plex project on the up­stream and down­stream side and Tul­low’s pull-out will not im­pact project de­vel­op­ment time­lines.” Other in­vestors were in­ter­ested in filling the gap left by Tul­low, the gov­ern­ment of­fi­cial noted with­out dis­clos­ing names. – Sapa

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