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Northern Electricity

Sector: Power Generation (CCGT) • Location: Namibia

Source: World Bank Group

Project
Concluded

Three open ended contracts, lease agreement, franchise agreement, and license agreement, have been signed between Northern Electricity (Pty.) Ltd., a company wholly owned by Icon Investments, and the government of Namibia. The agreement called for the total management of the electricity distribution in the northern parts of Namibia. All assets were leased to the company for the duration of the con

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The project “Northern Electricity” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Namibia. Taiyo aggregates data on it from World Bank Group.

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Participants

Sponsoring Agency

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Company

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Status

Original status

concluded

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

Three open ended contracts, lease agreement, franchise agreement, and license agreement, have been signed between Northern Electricity (Pty.) Ltd., a company wholly owned by Icon Investments, and the government of Namibia. The agreement called for the total management of the electricity distribution in the northern parts of Namibia. All assets were leased to the company for the duration of the contract period. The contracts were guaranteed for an initial period of 5 years. The contract was not renewed in 2002 and in February 2002, the license was awarded to Nored, a joint venture between several local and regional governments and NamPower. http://rru.worldbank.org/Documents/Namibia%20Report%20_Final_%20_7-31-02_.pdf http://www.nampower.com.na/nampower/lpr_show.asp?r=193 None

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Location

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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