NamPower secures US$22m grant from KfW for large-scale electricity storage project

NAMIBIA – Kreditanstalt für Wiederaufbau (KfW), the German development agency, has signed a €20 million (US$22.31m) grant agreement with the state-owned Namibia Power Corporation (NamPower) for a large-scale electricity storage project in the Erongo region. The electricity storage system will be installed in Omburu, a town in Erongo Province. NamPower is expected to contribute 20% of the total cost of…

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