Namibia

Namibia's Energy Industry In Figures

Estimated oil reserves in the Orange Basin:11 billion barrels

Estimated gas reserves in the Orange Basin:62.3 bcm

Installed solar PV capacity as of end-2022: 176 MW

Share of power generation that comes from hydropower:61.3%

Namibia’s electricity generation mix is dominated by hydropower, which made up 61.3% as of 2021. Its chief asset is the 347-MW Ruacana hydropower plant, and a second plant, the Baynes Hydropower Project on the Kunene River, is under evaluation.

Around 60% of the country’s electricity demand is imported from neighbouring South Africa. In order to improve self-sufficiency, the government in recent years has taken steps to make the power generation sector more attractive for independent producers, including the horizontal integration of over 70 players into five regional distribution companies.

As of end-2022, Namibia’s installed solar PV capacity stood at 176 MW.

Namibia’s oil and gas sector is attracting worldwide attention following discoveries in the offshore Orange Basin in 2022 and 2023. The basin is estimated to hold 11 billion barrels of light oil and 62.3 bcm (2.2 tcf) of natural gas. Supermajors TotalEnergies, Chevron, Shell and ExxonMobil are present in the country.

The country’s national integrated oil and gas company is NAMCOR, whose mission is to attract investment by providing world-class data and value for stakeholders. The US International Trade Administration projects that Namibia’s hydrocarbons developments could double its GDP by 2040.

Policymakers in Namibia have expressed an interest in developing nuclear power generation.  The country’s uranium reserves are among the world’s top 10.

Namibia's Energy Industry News and Articles

Angola’s Azule Energy awards Saipem $850-million contract
NEWS
Angola - May 17, 2024

Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy.

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Namibia gets $138.5-million boost for renewables vision
NEWS
Namibia - May 07, 2024

The World Bank has granted Namibia a $138.5-million loan to improve its transmission network and add renewables to its energy mix.

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BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
NEWS
Angola - May 03, 2024

Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A in Namibia.

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Chevron expands in Namibia with offshore farm-in
NEWS
Namibia - April 29, 2024

Chevron has signed a deal with Namibia's NAMCOR to develop an offshore block in the Walvis Basin.

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Angola’s Sonamet delivers on subsea fabrication demand TEY_post_Domingos-AUGUSTO
Interview
Angola - April 29, 2024

Domingos Augusto of Sonamet talks about how the company will successfully deliver on the Agogo project.

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Namibia: Sintana takes 67% in Giraffe, eyeing Orange Basin growth
NEWS
Namibia - April 25, 2024

Canadian exploration player Sintana Energy has expanded in Namibia’s Orange Basin with a new deal.

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