Project Status
Angola section S3B: Transaction Support & Financial Close
-Feasibility studies for the 336 km Angola section were completed in December 2022.
-ESIA studies are being reviewed and certification is expected in 2024.
-PIM to EPC financial close started in February 2023.
Namibia section S2B: Feasibility
-Pre-feasibility for the 30 km Namibia section was completed in 2022.
-Environmental Clearance Certificate was issued on 22 September 2020.
-The Namibian authorities are committed to progress and be ready at the pace of the Angola section.
Project Sponsors
Namibia Power Corporation (NamPower), Rede Nacional de Transporte de Electricidade (RNT) of Angola, and SAPP.
Leading Project Development Partners
SADC-PPDF, which is administered by DBSA and funded by the EU and KfW, and co-funded by NORAD and SIDA.
Project CAPEX
Project Cost Estimates: USD 450 Million.
Potential Project Financiers
-AfDB, Development Bank of Namibia, DBSA, World Bank, EU IFIs (AFD, EIB, KfW).
Latest Developments
The World Bank is expected to support RNT with raising finance for the project, and the preparation of the procurement strategy, tender documentation, and EPC contracts. The decision of the World Bank is expected in 2024.