Namibia Unveils ‘Energy Invest 2023’ at Energy Week

by Adenike Adeodun

A new chapter in energy development opens as Namibia’s Mines and Energy Minister, Tom Alweendo, presents “Energy Invest: Namibia 2023.” The reveal occurred at African Energy Week (AEW) 2023. The report, a vital resource now up for download, offers insights into the country’s energy strategy.

Crafted by Energy Capital & Power (ECP) with government backing, this first-of-its-kind publication underscores Namibia’s quest to be Africa’s energy nexus by 2030. According to a report by Energy Capital & Power, it covers extensive ground, from oil quests to renewable aspirations.

“Our recent finds are game-changers,” Alweendo declared at AEW. He emphasised the nation’s policy thrust to harness oil and gas for economic upliftment.

The report is comprehensive. Notably, it details breakthroughs in the Orange Basin and unpacks Namibia’s enticing contracts for energy investors. It pinpoints fiscal stability as a draw for swift investment decisions. Also, it flags ongoing onshore and offshore expansions to support exploration.

Significantly, the report discusses Namibia’s green leap forward. It envisages investment surges in eco-friendly production and synthetic fuels. Additionally, it predicts a robust mineral market beyond diamonds and uranium.

Furthermore, the publication champions regional synergy and local gains. It envisions collective growth and stronger energy trade in the Southern African region. Plus, it features Angolan firms keen on the Namibian energy scene.

Among the contributors are industry and economic frontrunners, including NAMCOR and the Bank of Namibia. Their insights help paint a detailed picture of the energy landscape.

In essence, “Energy Invest: Namibia 2023” serves as a beacon. It guides the way towards a prosperous energy-driven future for Namibia, rooted in collaboration and sustainability.

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