Overview
Alpha Namibia Industries Renewable Power Limited (ANIREP)
Was formed and incorporated in Windhoek Namibia in 2018. ANIREP is taking advantage of the environment created by the Namibian 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.
Detail
A SPAC/CPC is a shell company which is formed to raise capital for a yet unidentifiable business that will be acquired in the future. Once the SPAC/CPC has completed the acquisition of a Viable Asset, it is no longer considered a SPAC/CPC and continuous to operate as a conventional listed company
Type of Company
ANIREP is the second SPAC/CPC listed on the Namibia Stock Exchange (NSX).
Sector
ANIREP became the first NSX listed on the SPAC/CPC an infrastructural renewable energy.
Target
ANIREP raised N$ 167 million from the initial targeted amount of N$ 250 million.
