Cabinet approves revised electricity supply model
Cabinet has approved the revised Single Buyer Market Model for the Supply of Electricity which allows more for independent power producers (IPPs) to compete, to be implemented in September this year. The modified model allows electricity consumers and IPPs to transact with each other directly for the supply of electricity, to allow for competition and to allow for private sector investment.
ANIREP lists, raises N$110m
Alpha Namibia Industries Renewable Power Limited (ANIREP) was listed on the Namibia Stock Exchange (NSX) development board on Thursday. It has become the second Capital Pool Company (CPC) and the first Alternative Electricity Company on the bourse. ANIREP is a company initiated by three major players in the industry.
Anirep gets a N$53m late submission
NEWLY listed energy company Alpha Namibia Industries Renewable Power (Anirep) has asked its shareholders to meet in order to discuss a late bid for the purchase of an additional 5 300 000 shares worth N$53 million.
PIC invests in NSX listed ANIREP
Africa’s biggest pension fund, the Public Investment Corporation of South Africa (PIC), with assets worth over N$2 trillion, made its first investment in Namibia’s capital markets after its subscribed to 5 300 000 shares in Namibia Stock Exchange (NSX) listed Alpha Namibia Industries Renewable Power Limited (ANIREP) in a transaction valued at N$53 million.
