{"id":33524,"date":"2022-11-10T17:25:54","date_gmt":"2022-11-10T17:25:54","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity"},"modified":"2022-11-10T17:40:30","modified_gmt":"2022-11-10T17:40:30","slug":"cenored-inks-deal-to-buy-cheaper-electricity","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity","title":{"rendered":"Cenored inks deal to buy cheaper electricity"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE CENTRAL and Northern Electricity Distributor (Cenored) has signed a power purchase agreement with Alpha Namibia Industries Renewable Power Limited (Anirep), which would lead to it buying bulk electricity at N$1,34 per kWh instead of N$1,96 per kWh from 1 March 2023.<\/p>\n

Cenored marketing officer Charles Matengu said yesterday that the deal signed last week does not mean consumers’ tariffs would be increased or decreased.<\/p>\n

\u201cWe have already increased our tariffs in July this year. When you increase tariffs, utilities don’t decide. You apply to the Electricity Control Board,\u201d he says.<\/p>\n

Speaking at the signing ceremony, Cenored chief executive officer Robert Kahimise said power plant capacity will now also be increased from a 5MW peak to an 11MW peak with an integrated 3MW power.<\/p>\n

Kahimise said the new conditions will also see the parties to the power purchase agreement renegotiating the indexation every five years to ensure a win-win rate reflective of the prevailing economic conditions and energy pricing trends.<\/p>\n

According to Kahimise, the revised market rules for the electricity supply industry (ESI) were implemented on 1 September 2019, following Cabinet approval.<\/p>\n

\u201cThe modified single-buyer market model brings the opportunity for the REDs as registered contestable customers to find alternative energy supply sources to ensure we offer tariffs that are competitive and sustainable for our customers,\u201d Kahimise said.<\/p>\n

He said in line with the change in the market, Cenored has had its renewable energy policy approved by the board of directors, with a clear intention to attract an integrated renewable energy plant that could offer a certain level of baseload power that will allow Cenored to shave off peak demand with NamPower.<\/p>\n

\u201cFollowing this milestone, Cenored managed to solicit expressions of interest in a two-stage procurement with the aim of procuring additional 10 megawatts of renewable energy. This process is ongoing and will be completed before the end of 2022,\u201d he said.<\/p>\n

\u201cCenored entered into a 25-year power purchase agreement with the then HopSol Africa in which HopSol as an independent power producer engineered and constructed a 5MW peak solar park at the outskirts of Otjiwarongo,\u201d he said.<\/p>\n

Kahimise said although this was a great milestone within the electricity supply industry, it became apparent over the past six years that the tariff became unaffordable or more expensive than the same amount of energy procured from the bulk supplier.<\/p>\n

\u201cFor this reason, negotiations started with Anirep to reduce the escalation from the consumer price index of +5% to the consumer price index,\u201d he said.<\/p>\n

He said despite this achievement for which they are grateful to Anirep, the cost of electricity from the Otjiwarongo solar plant remained high, incurring a loss of N$5 million per annum on Cenored.<\/p>\n

\u201cIt should be noted that the parties to the agreement have placed the interest of the public and consumers at heart and will ensure sustainable business to both Anirep and Cenored in the long term,\u201d Kahimise said.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE CENTRAL and Northern Electricity Distributor (Cenored) has signed a power purchase agreement with Alpha Namibia Industries Renewable Power Limited (Anirep), which would lead to it buying bulk electricity at N$1,34 per kWh instead of N$1,96 per kWh from 1 March 2023. Cenored marketing officer Charles Matengu said yesterday that the deal […]<\/p>\n","protected":false},"author":84,"featured_media":33523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[234,236,233],"class_list":["post-33524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nCenored inks deal to buy cheaper electricity - Namibia<\/title>\n<meta name=\"description\" content=\"THE CENTRAL and Northern Electricity Distributor (Cenored) has signed a power purchase agreement with Alpha Namibia Indu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cenored inks deal to buy cheaper electricity\" \/>\n<meta property=\"og:description\" content=\"THE CENTRAL and Northern Electricity Distributor (Cenored) has signed a power purchase agreement with Alpha Namibia Indu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-10T17:25:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-10T17:40:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/11\/postQueueImg_20-636d3770aa493.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"359\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cenored inks deal to buy cheaper electricity\",\"datePublished\":\"2022-11-10T17:25:54+00:00\",\"dateModified\":\"2022-11-10T17:40:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity\"},\"wordCount\":496,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/11\/postQueueImg_20-636d3770aa493.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/cenored-inks-deal-to-buy-cheaper-electricity\",\"name\":\"Cenored inks deal to buy cheaper electricity - 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