April 16 (Bloomberg) -- Namibia Power Corp. asked interested companies to bid to build a 250-megawatt thermal station as part of plans to curb an electricity-supply shortage in the southwest African nation.
The facility, to be built in the coastal Erongo region, will cost 3 billion Namibian dollars ($285 million) to construct, the Windhoek-based company said in a statement on its website.
Namibia, the world’s biggest miner of offshore diamonds and fifth-largest uranium producer, imports about 53 percent of its electricity requirements from neighboring countries, NamPower said in its 2012 annual report. The company is developing the gas-fired Kudu plant for $1.2 billion as it seeks to improve provision of electricity.
“Power-supply deficits will be experienced in Namibia during the period 2016 and 2017,” the company said in the statement. “After 2018, this power station will complement Kudu by serving some peaks, especially during dry seasons, and to operate when one or both of the Kudu 450-megawatt blocks are out of service.”
NamPower will create a special-purpose vehicle for the new plant and will have a 30 percent stake in project, it said. Tenders for construction of the power station close on April 22. A final decision on the investment is expected by December, NamPower said.
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