What is the electricity price for businesses in Namibia?

The price of electricity in Namibia is 0.000 U.S. Dollar for businesses, which includes all components of the electricity bill such as the cost of power, distribution and taxes. For households, the price is 0.112 U.S. Dollar per kWh.

What percentage of Namibia's electricity comes from renewables?

Namibia imports about 60% of its electricity from neighbors including South Africa, Zambia and Zimbabwe, which have their own problems meeting demand. Renewables now make up 21% of the country’s electricity mix. The goal is to reach 70% of electricity from renewables by 2030.

How much money does Namibia invest in energy?

The Annex 11: Namibia’s energy generation and access situation – financing and investments lists a total investement of 101,426,307 USD by 5 private entities, 2 state-owned entities (larges share by the Development Bank of Namibia) and the micro-medium lender Kongalend.

Does Namibia have a bulk fuel storage facility?

Yes, the Government of the Republic of Namibia is in the final stages of constructing a bulk fuel storage facility in Walvis Bay. This facility, with a capacity of 75 million liters, will store ULP ’95, Diesel 50ppm, HFO, and Jet Fuel. NAMCOR has been appointed as the operator of this facility.

What is Namibia's electricity tariff hike?

Namibia’s Electricity Control Board (ECB) has approved a 3.8% electricity tariff increase, in a move to reduce the nation’s electricity subsidy. The hike increases the cost of electricity from N$1.98 ($0.11) per kWh to N$2.06 ($0.11) per kWh for the 2025/26 financial year.

What is Namibia doing to reduce electricity imports?

Namibia plans to add 93 megawatts of renewable energy capacity during the financial year ending 2026 as part of a strategy to reduce electricity imports. Kahimise said the government also plans to boost domestic electricity generation to 80% by 2030, up from the current 45%, in a bid to complement the household electrification drive.