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Namibia

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 power generation and electrification ambitions
Articles
Angola’s power generation and electrification ambitions
Angola - April 30, 2024

Angola is working hard to increase its power generation capacity by boosting hydro and solar energy.

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Chevron expands in Namibia with offshore farm-in
NEWS
Chevron expands in Namibia with offshore farm-in
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’s Sonamet delivers on subsea fabrication demand
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: Sintana takes 67% in Giraffe, eyeing Orange Basin growth
Namibia - April 25, 2024

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

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Halliburton wins Namibia well construction contract
NEWS
Halliburton wins Namibia well construction contract
Namibia - April 24, 2024

Halliburton has won a deepwater integrated multi-well construction contract in Namibia from Rhino Resources.

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Galp confirms 10 billion barrels at Namibia Mopane discovery
NEWS
Galp confirms 10 billion barrels at Namibia Mopane discovery
Namibia - April 22, 2024

Galp Energia has confirmed more than 10 billion barrels of oil equivalent at the Mopane discovery offshore Namibia.

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TotalEnergies renews Namibian licence
NEWS
TotalEnergies renews Namibian licence
Namibia - May 29, 2023

TotalEnergies has renewed the production licence of the offshore OML 130 concession in Namibia for 20 years, the French energy giant announced on Monday.

The block…

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Positioning Angola as a bunkering hub TEY_post_Mauro_Carvalho
Interview
Positioning Angola as a bunkering hub
Angola - October 25, 2022

Mauro Carvalho, managing partner of FAMAR, talks to The Energy Year about how Angola is positioning itself to become a bunkering hub for transit ships and the…

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