Alpha Namibia Industries Renewable Power Limited (ANIREP) has announced its intention to acquire a 45% equity stake in Independent Power Producer (IPP) CERIM Lüderitz Energy.
ANIREP will purchase 30% from Allied Worldwide Trading Limited and 15% from Riminii Investment for a combined sum of N$60 million. The acquisition will be subject to fulfillment of several conditions including approval from the Electricity Control Board (ECB) and the Namibia Power Corporation (NamPower).
In addition, ANIREP will conduct its due diligence, including the execution of definitive agreements.
The wind power plant is located 17km south of Lüderitz in the ǁKaras Region.
“With the CERIM project, ANIREP’s renewable energy portfolio will exceed 90 MWp by the project’s commercial operation date, addressing Namibia’s energy challenges and contributing to national renewable energy targets,” says Managing Director Iyaloo Ya Nangolo.
“With a projected annual wind availability of 4,300 hours—well above the industry average of 2,500–3,000 hours—it presents a compelling investment in clean, reliable energy. It aligns with the goals of the Namibia Integrated Resource Plan and the Fifth National Development Plan (NDP5) to expand installed capacity to 755 MW by 2022/23 and source at least 70% of energy from renewable energy sources by 2030,” he said.
The acquisition of a stake in the N$1.4 billion wind project will cause ANIREP’s expansion in the wind energy sector and help complete existing solar initiatives.
It will also contribute immensely towards local economic employment creation as semi-skilled and unskilled labour during the construction period will be sourced from within the ǁKaras Region.
The CERIM Lüderitz Energy project includes the development of 743 hectares of land into a power-generating facility and the construction of a 40km, 132kV transmission line to evacuate power to the Namib substation.
The project is supported by a 25-year power purchase agreement (PPA) with NamPower, environmental clearance certificate, and a transmission connection agreement.
The IPP power project forms part of NamPower’s planned generation projects under its Integrated Strategy and Business Plan (ISBP) for the period 2020 – 2025. The ISBP outlines the company’s strategic focus, which includes the prioritisation of local renewable resources over the five years (2020-2025) in line with the Ministry of Mines and Energy’s determination on the development of generation capacities.
“Considering the power supply situation in the Southern African Power Pool, the commissioning of this project, come July 2025, will displace 50MW of imports which is a step in the right direction. This project will contribute significantly to our supply portfolio when combined with other generation projects that forms part of the ISBP,” said NamPower Managing Director Kahenge Simson Haulofu during the commissioning of the project.
