STARTING: Government is set to embark on the Baynes power project this year. PHOTO: CONTRIBUTED
STARTING: Government is set to embark on the Baynes power project this year. PHOTO: CONTRIBUTED

Government to pursue Baynes project

Hydropower on the horizon
Government will embark on the Baynes hydropower project this year.
Ogone Tlhage
Government has advanced plans for the Baynes hydropower project and instructed the mines and energy ministry to sign an implementation agreement with its counterpart in Angola.

The development was announced by deputy information minister Modestus Amutse, who recently delivered the 12th Cabinet decision.

“Cabinet took note of the latest developments on the bi-national Baynes hydropower project and the cost-benefit analysis undertaken for the co-existence of the Baynes project and the Kudu-to-gas power project,” Amutse said.

He said Cabinet has approved, in principle, the signing of the Baynes Implementation Agreement and has mandated the mines and energy ministry to sign the agreement on behalf of the Namibian government, subject to its submission to Cabinet for final endorsement.

“Cabinet endorsed the transformation of the Baynes project office into the Baynes bi-national implementation unit to operate in collaboration with the permanent joint technical commission on the Cunene Basin,” he explained.

Approvals

Cabinet approved the establishment of the joint project office to be situated in either Windhoek or Luanda, Amutse added.

Cabinet also approved the selection of the public funding model as the preferred implementation office for the bi-national Baynes hydropower project, including the Baynes regulating dam.

Cabinet further approved expediting the commencement of the construction of the Baynes access road by not later than September 2024.

The finance ministry was also tasked with mobilising funding arrangements for the construction of the dam.

“Cabinet directed the ministry of finance to commence with the mobilisation for funding of Namibia’s obligation for the construction of the Baynes regulating dam and Baynes main dam, including sourcing additional funding for the construction of the road access to the Baynes project site,” he said.

Government will embark on the Baynes power project this year.

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 582.76/OZ UP +0.14% | Copper US$ 4.24/lb UP +1.05% | Zinc US$ 2 961.30/T UP 0.23% | Brent Crude Oil US$ 73.18/BBP UP +1.62% | Platinum US$ 984.12/OZ DOWN -0.0107 Sport results: Currie Cup: Vodacom Bulls 40 vs 40 Hollywoodbets Sharks XV | Fidelity ADT Lions 43 vs 34 Toyota Cheetahs XV Premier League: Wolves 1 vs 2 Newcastle | Tottenham Hotspur 0 vs 1 Arsenal | Bournemouth 0 vs 1 Chelsea | Aston Villa 3 vs 2 Everton | Manchester City 2 vs 1 Brentford | Liverpool 0 vs 1 Nottingham Forest | Fulham 1 vs 1 West Ham | Crystal Palace 2 vs 2 Leicester City | Brighton 0 vs 0 Ipswich Town | Southampton 0 vs 3 Manchester United LaLiga: Atletico Madrid 3 vs 0 Valencia | Las Palmas 2 vs 3 Athletic Club | Girona 1 vs 4 Barcelona | Celta Vigo 3 vs 1 Real Valladolid | Real Sociedad 0 vs 2 Real Madrid | Sevilla 1 vs 0 Getafe | Espanyol 3 vs 2 Deportivo Alaves | Mallorca 1 vs 2 Villarreal | Real Betis 2 vs 0 Leganés SerieA: Parma 2 vs 3 Udinese | Monza 1 vs 1 Inter Milan | Cagliari 0 vs 4 Napoli | Torino 0 vs 0 Lecce | Atalanta 3 vs 2 Fiorentina | Genoa 1 vs 1 AS Roma | AC Milan 4 vs 0 Venezia | Empoli 0 vs 0 Juventus | Como 2 vs 2 Bologna European Championships Qualifying: Portsmouth 0 vs 3 West Bromwich Albion | Watford 1 vs 1 Coventry City | Swansea City 1 vs 0 Norwich City | Sheffield Wednesday 1 vs 1 Queens Park Rangers | Plymouth Argyle 3 vs 2 Sunderland | Middlesbrough 1 vs 1 Preston North End | Derby County 1 vs 0 Cardiff City | Blackburn Rovers 3 vs 0 Bristol City | Oxford United 1 vs 0 Stoke City | Millwall FC 0 vs 1 Luton Town | Leeds United 0 vs 1 Burnley | Hull City 0 vs 2 Sheffield United English Championship: Portsmouth 0 vs 3 West Bromwich Albion | Watford 1 vs 1 Coventry City | Swansea City 1 vs 0 Norwich City | Sheffield Wednesday 1 vs 1 Queens Park Rangers | Plymouth Argyle 3 vs 2 Sunderland | Middlesbrough 1 vs 1 Preston North End | Derby County 1 vs 0 Cardiff City | Blackburn Rovers 3 vs 0 Bristol City | Oxford United 1 vs 0 Stoke City | Millwall FC 0 vs 1 Luton Town | Leeds United 0 vs 1 Burnley | Hull City 0 vs 2 Sheffield United Weather: Katima Mulilo: 22° | 40° Rundu: 20° | 40° Eenhana: 17° | 35° Oshakati: 17° | 35° Ruacana: 18° | 36° Tsumeb: 20° | 34° Otjiwarongo: 13° | 32° Omaruru: 10° | 31° Windhoek: 10° | 28° Gobabis: 10° | 29° Henties Bay: 12° | 16° Wind speed: 26km/h, Wind direction: S, Low tide: 12:42, High tide: 06:54, Low Tide: 01:25, High tide: 19:15 Swakopmund: 11° | 14° Wind speed: 33km/h, Wind direction: S, Low tide: 12:40, High tide: 06:52, Low Tide: 01:23, High tide: 19:13 Walvis Bay: 11° | 20° Wind speed: 36km/h, Wind direction: S, Low tide: 12:40, High tide: 06:51, Low Tide: 01:23, High tide: 19:12 Rehoboth: 8° | 26° Mariental: 11° | 27° Keetmanshoop: 11° | 26° Aranos: 10° | 28° Lüderitz: 10° | 22° Ariamsvlei: 11° | 27° Oranjemund: 11° | 17° Luanda: 21° | 22° Gaborone: 23° | 35° Lubumbashi: 16° | 38° Mbabane: 16° | 25° Maseru: 12° | 20° Antananarivo: 9° | 27° Lilongwe: 21° | 32° Maputo: 21° | 30° Windhoek: 10° | 28° Cape Town: 11° | 17° Durban: 18° | 23° Johannesburg: 17° | 28° Dar es Salaam: 24° | 29° Lusaka: 22° | 35° Harare: 19° | 31° Economic Indicators: Currency: GBP to NAD 23.24 | EUR to NAD 19.6 | CNY to NAD 2.48 | USD to NAD 17.62 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.19 | RUB to NAD 0.19 | INR to NAD 0.21 | USD to DZD 131.59 | USD to AOA 926.34 | USD to BWP 13.26 | USD to EGP 48.38 | USD to KES 128.73 | USD to NGN 1645.13 | USD to ZAR 17.62 | USD to ZMW 26.47 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1787.81 Up +0.05% | Casablanca Stock Exchange (CSE) MASI 13998.92 Up +0.82% | Egyptian Exchange (EGX) 30 Index 30260.24 Down -0.78% | Botswana Stock Exchange (BSE) DCI 9625.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 582.76/OZ UP +0.14% | Copper US$ 4.24/lb UP +1.05% | Zinc US$ 2 961.30/T UP 0.23% | Brent Crude Oil US$ 73.18/BBP UP +1.62% | Platinum US$ 984.12/OZ DOWN -0.0107