Minister of Finance Saara Kuugongelwa-Amadhila said this while tabling the 2013/2014 National Budget in Parliament on Tuesday.
Kuugongelwa-Amadhila said that under the energy sector, the technical assessment for the Baynes Hydro Power Project has been completed, and consultation with affected communities will pave the way forward for this important project.
The Baynes Hydro Power Project is being developed on the Kunene River about 40 kilometres downstream of the Epupa Falls at an estimated cost of about N.dollars 10 billion.
The minister said increased investments have been made in respect to ensuring a secure power supply to the mining sector and the port of Walvis Bay.
“Secure energy supply is an important utility for households, businesses and capital investment alike, especially in the mining sector,” Kuugongelwa-Amadhila noted.
She added that the preparatory phase for the Kudu Gas Project is now underway and commercial arrangements with upstream partners are being pursued.
In August last year, NamPower Managing Director Paulinus Shilamba announced that Namibia is facing a power supply shortage, a situation that will continue to prevail for the next three to four years.
Shilamba added that the next four years will remain critical to Namibia, as the power supply deficit and associated challenges will continue to prevail until the commissioning of a new base-load power station by 2016.
He said NamPower’s projects and initiatives are aimed at addressing the power supply situation in Namibia, and the Managing Director called on the public to reduce their electricity usage by a minimum of 10 percent to help avoid the possibility of load-shedding.
Namibia experienced a power supply deficit of 80 megawatts (MW) from the winter of 2012.