NamPower seeks strategic investor

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Power utility Namibia Power (NamPower) announced it would seek investment partners for the $1-BILLION Kudu combined-cycle gas and steam turbine project, near Oranjemund.

SANEC members that are interested to become a strategic equity investor for the 800 MW gas-to-power project will have to take part in a competitive bidding process. NamPower will evaluate prospective bidders on financial and legal positions, technical and management expertise and project references, as well as their insurability, compliance and quality assurance.

The closing date for the prequalification is 9 August 2013. For more information, please click here.