Namibia has announced the launch of its National Energy Compact, a strategic framework to solidify the country’s participation in Mission 300, a World Bank Group and African Development Bank-led initiative to make electricity accessible to 300 million people across sub-Saharan Africa by 2030.
Minister of Industries, Mines and Energy Modestus Amutse introduced the compact, which aims to reduce Namibia’s reliance on imported electricity. The initiative aligns with Namibia’s Sixth National Development Plan, which targets bringing electricity to 200,000 households, and the National Integrated Resource Plan, which aims to achieve 80 percent electricity self-sufficiency and 70 percent renewable energy penetration. Namibia presently generates around 40 percent of its power domestically, with the remaining 60 percent sourced from neighboring countries. The compact represents a comprehensive approach to addressing this imbalance and enhancing energy security.
In the exploration and production front, which forms a primary backbone of Namibia’s power industry, several players are announcing promising results. Reconnaissance Energy Africa reported a productive 2025 in its year-end corporate operational performance, including completion of drilling its second well in the Damara Fold Belt, which resulted in encountering significant hydrocarbons.
Brian Reinsborough, President and CEO of ReconAfrica, noted that the partnership group operated by ReconAfrica and including NAMCOR and BW Energy had the privilege of meeting President Nandi-Ndaitwah after the Kavango West 1X well results. He expressed gratitude for the President’s recognition of the significance of hydrocarbons encountered in the Kavango West well and how the partnership can help support onshore hydrocarbon development and long-term energy supply for Namibia.
Source: oilreviewafrica.com