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2010 Updated Overview of the Namibian Electricity Industry
Frost & Sullivan, Nov 2010, Pages: 77
This research study is a an update on the state of the Namibian electricity industry. Following the Frost & Sullivan Namibian country study carried out in 2008, this research service investigates the latest developments that took place in the industry. It also contains forecasts on uranium production from 2009 to 2012. A particular attention is given to generation, transmission and distribution sectors. This study gives a comprehensive overview of the market size, industry challenges and market drivers and restraints. It also gives the legislative surrounding the sector and an analysis of the current infrastructure, on going and future projects in each sector.
This research service titled 2010 Updated Overview of the Namibian Electricity Industry provides revenue and growth forecasts, an analysis of the main equipment suppliers and a comprehensive analysis of the development of key projects in the industry. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: power generation, electricity transmission, electricity distribution and others (equipment suppliers, end users and financiers).
Market Overview:
Demand for Electricity from Mining Industry to Register Sharp Rise
Growth in the Namibian electricity market will be driven by the expansion of the mining industry, particularly that of uranium. This will be buttressed by increasing demand for electricity across other industrial sectors. The mining industry is the major end user of electricity in Namibia. Electricity demand from the mining industry is set to grow by approximately three per cent per annum due to augmented investments in the mining sector. “The rapid growth in uranium production will help it surpass the diamond sector as the largest foreign currency earner in the mining industry between 2015 and 2020,” notes the analyst of this research. “The opening of several uranium mines in the Erongo region will augment demand for electricity by 300MW, by 2012.”
The heighted need for electricity in the mining and tourism industries contributed to the significant rise in overall electricity demand from 2008 to 2009. The total electricity demand in the country rose by four per cent over the last three years, with this trend of high growth set to remain for the long term.
Need to Reduce Overdependence on Expensive Imports
Overloading of transmission lines and the rising cost of electricity imports are posing major challenges to the development of the Namibian electricity industry. South Africa has been Namibia’s major energy partner, accounting for an average of half of Namibia’s electricity supply over the last three years. As electricity tariffs increased substantially in South Africa, electricity imports to Namibia have also risen. At the same time, higher electricity imports from other Southern African Power Pool (SAPP) members have led to overloaded transmission lines in some areas.
Promisingly, the Namibian government and NamPower are increasingly encouraging and creating an environment conducive to external investment. There is an increasingly significant market for OEMs, given the number of projects that are in the pipeline. The design and implementation of an independent power producers (IPPs) framework represents a step towards the liberalisation of the sector. Accordingly, more IPPs are expected to express interest in the Namibian electricity industry. “In order to achieve cost reflectivity, electricity tariffs are expected to significantly increase by 2010,” concludes the analyst. “This will allow the industry to maintain and expand generation, transmission and distribution infrastructure.”
Market Sectors:
Expert analysts thoroughly examine the following market sectors in this research:
- Power generation
- Electricity transmission
- Electricity distribution
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