{"id":45980,"date":"2023-05-29T17:49:56","date_gmt":"2023-05-29T17:49:56","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/geingob-green-hydrogen-can-transform-namibia"},"modified":"2023-05-30T16:51:32","modified_gmt":"2023-05-30T16:51:32","slug":"geingob-green-hydrogen-can-transform-namibia","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/geingob-green-hydrogen-can-transform-namibia","title":{"rendered":"Geingob: Green hydrogen can transform Namibia"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>President Hage Geingob has urged Namibians to support government efforts, emphasising that opposition to national projects may hinder much-needed developmental progress. Speaking at State House on Friday, Geingob was specifically referring to the much-anticipated green hydrogen project, which he said holds the tremendous potential to entirely transform the domestic economy.<\/p>\n

He cited a previous example of the now- abandoned Epupa Dam project, which he said was left due to local resistance. \u201cWe learned a lesson from the Kunene region, where we were trying to have the Epupa Dam. It would have changed the face of that poor area. But because of interference from local people, that project died. Therefore, the area is still poor. We should hold hands to work together because it is not for us, it is for the people,\u201d stressed the President.<\/p>\n

Geingob was speaking at the signing ceremony between the Namibian government and Hyphen Hydrogen Energy on the feasibility and implementation agreement (FIA) of the billion-dollar green hydrogen project. The signing was effected in Windhoek following last week\u2019s Cabinet approval.<\/p>\n

At the occasion, he noted that government has a mandate to create jobs and is trying to deliver, despite facing challenges such as an economic downturn and drought, amongst others.<\/p>\n

Friday\u2019s agreement will give Hyphen Energy the go-ahead to govern the development, implementation and operation of sub-Saharan Africa\u2019s largest and only fully vertically integrated green hydrogen project.<\/p>\n

Hyphen Hydrogen Energy is a joint venture between Nicholas Holdings and Enertrag South Africa. As the preferred bidder, Hyphen was selected for a 40-year deal to develop Namibia\u2019s US$10 billion green hydrogen project in the Tsau \/\/Khaeb National Park.<\/p>\n

The partnership represents the first step in Namibia\u2019s journey to unlocking the potential of becoming one of the world\u2019s leading green hydrogen production hubs by leveraging the country\u2019s world-leading wind and solar resources, vast open spaces and stable investment climate, underpinned by strong democratic values.<\/p>\n

\u201cThank you very much Hyphen for trusting our political system and our corporate governance architecture. Let us now work together, and we will deliver for the Namibian people,\u201d continued Geingob.<\/p>\n

At the same occasion, Hyphen CEO Marco Raffinetti said: \u201cThis first Hyphen project is only the first stepping stone in Namibia\u2019s ambitions to being a regional green hydrogen hub. The project on its own, being the single-largest project ever proposed to be undertaken in Namibia, has the potential to be transformational for Namibia and its economy, driving job creation and the economy\u201d.<\/p>\n

Raffinetti noted that with the FIA now signed, the next phase starts. He admitted that this is not going to be easy, as creating a project and industry on the scale envisaged by government is a daunting task.<\/p>\n

Gunar Hering, CEO of Enertrag, added his voice, saying the journey will not only make Namibia the first country in Africa to reach net zero by 2030, but will also support the entire region in a just energy transition.<\/p>\n

\u201cIf successful, this will come along with an unparalleled boost for the Namibian economy and many new jobs for the Namibian people, creating opportunities for the Namibian youths to deploy their energy, their brightness and their willingness to shape the country in attractive, future-proof, well-paid jobs so that they can provide for their families and to have the prospect of a fulfilled life,\u201d said Hering.<\/p>\n

Under the FIA, Hyphen is responsible for the technical, financial, environmental, social and commercial delivery of this massive project. Government, on the other hand, is responsible for providing the land on which the project will be established, and developing and implementing the required legal, fiscal and regulatory environment necessary for the establishment and sustainable operation of Namibia\u2019s green hydrogen industry.<\/p>\n

Obeth Kandjoze, director general of the National Planning Commission and chairperson of the Green Hydrogen Council, said government will over the next few years look to deepen its understanding and capacity in the industry through a dedicated office in the mines and energy ministry to ensure maximum skills\u2019 transfer and supervision over this strategic opportunity.<\/p>\n

Project financing<\/p>\n

Meanwhile, finance and public enterprises minister Iipumbu Shiimi clarified that the green hydrogen project is a private sector- driven project, with government only being involved at the receiving end.<\/p>\n

\u201cThe next stage in the project is the feasibility study. During the feasibility study, the money that is going to be used is from Hyphen. Once the visibility is proven to be viable, again, Hyphen will have to go and look at its own resources, and probably complement those resources,\u201d Shiimi elucidated.<\/p>\n

The finance minister added that government, in terms of the agreement, is going to receive money through leasehold during the feasibility study. Through this agreement, government is going to receive around \u20ac12 million, said Shiimi.<\/p>\n

He further stated that government will only pay if it decides to buy into the 24% project equity as an available option in the agreement between the two parties.<\/p>\n

\u201cSo, we will go back to the drawing board and see whether it will make financial sense for us to buy that equity. And the decision will be accompanied by a financing plan. And secondly, just to clarify that, yes, government can only refund the developer for the costs or the money they would have spent on the feasibility study if government fails to do certain things, for example entry in the park,\u201d the minister noted.<\/p>\n

For his part, green hydrogen commissioner James Mnyupe said government is committed, through its requests to Hyphen, to include locals in the project through local and youth employment and local procurement.<\/p>\n

He affirmed that government has learned from its past experiences, and has ensured it is on the same page as Hyphen.<\/p>\n

\u201cIn estimation, this particular project could produce almost 20% of today\u2019s fiscus take of government. It is without a doubt looking to be a significant contributor to the Namibian fiscus,\u201d Mnyupe added.<\/p>\n

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

Africa-Press – Namibia. President Hage Geingob has urged Namibians to support government efforts, emphasising that opposition to national projects may hinder much-needed developmental progress. Speaking at State House on Friday, Geingob was specifically referring to the much-anticipated green hydrogen project, which he said holds the tremendous potential to entirely transform the domestic economy. He cited […]<\/p>\n","protected":false},"author":84,"featured_media":45979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,249],"tags":[234,236,233],"class_list":["post-45980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nGeingob: Green hydrogen can transform Namibia - Namibia<\/title>\n<meta name=\"description\" content=\"President Hage Geingob has urged Namibians to support government efforts, emphasising that opposition to national projec ...\" \/>\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\/geingob-green-hydrogen-can-transform-namibia\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Geingob: Green hydrogen can transform Namibia\" \/>\n<meta property=\"og:description\" content=\"President Hage Geingob has urged Namibians to support government efforts, emphasising that opposition to national projec ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/geingob-green-hydrogen-can-transform-namibia\" \/>\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=\"2023-05-29T17:49:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-30T16:51:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/sm_1685370530.441174.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\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=\"5 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\/geingob-green-hydrogen-can-transform-namibia#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/geingob-green-hydrogen-can-transform-namibia\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Geingob: Green hydrogen can transform Namibia\",\"datePublished\":\"2023-05-29T17:49:56+00:00\",\"dateModified\":\"2023-05-30T16:51:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/geingob-green-hydrogen-can-transform-namibia\"},\"wordCount\":995,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/geingob-green-hydrogen-can-transform-namibia#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/05\/sm_1685370530.441174.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/geingob-green-hydrogen-can-transform-namibia#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/geingob-green-hydrogen-can-transform-namibia\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/geingob-green-hydrogen-can-transform-namibia\",\"name\":\"Geingob: Green hydrogen can transform Namibia - 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