On a more positive note, Namibia does have the ability to generate electricity from varied sources, including oil and gas-fired plants, hydroelectric facilities and it is starting to venture into solar power and wind energy. In order to reduce its self-sufficiency, Namibia is working on plans for the construction of a coal-fired power station, and in early 2012 NamPower is due to issue tenders for the construction, operation and maintenance of the Kudo gas-fired power station, the viability of which depends upon NamPower obtaining US$1.1bn in funding.
Business Monitor International’s Namibia Power Report provides industry professionals and strategists, corporate analysts, power associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Namibia’s power industry.
BMI envisages Namibia’s net power consumption increasing from 4.28TWh in 2011 to 6.16TWh by 2016, signalling an annual average of 7.3% over the period. Underlying the growing demand for energy in Namibia will be a steady increase in GDP, together with the continued expansion of the country’s population. Following an increase in 2011 real GDP of 4.2%, BMI forecasts average annual growth of 4.7% between 2011 and 2021. Meanwhile, Namibia’s population is expected to rise from 2.3mn in 2011 to 2.5mn in 2016.