The Minister of Industries, Mines, and Energy has highlighted that placing upstream petroleum under the Presidency's Upstream Petroleum Unit is a strategic move aimed at safeguarding Namibia's emerging oil and gas sector.
Construction of the Otjikoto Biomass Power Station outside Tsumeb is progressing, although the project is running behind its initial schedule.
The N$2.6 project, which started in 2024, is now expected to be completed next year in December.
President Netumbo Nandi-Ndaitwah has confirmed that Namibia is drafting a nuclear energy policy supported by legislation as the government seeks to turn uranium wealth into electricity.
The Minister of Industries, Mines and Energy (MIME), Modestus Amutse has dismissed claims of irregularities in the government's fuel supply arrangements for July to September 2026, saying the measures are aimed at protecting consumers from steep fuel price increases.
The Ministry of Industries, Mines and Energy says there is nothing improper in the arrangements the government made to secure Namibia's fuel supply for the period from July to September 2026, in light of the conflict in the Middle East.
Iran has indicated its readiness to assist Namibia in meeting its fuel needs, should a request be made, while maintaining that the Strait of Hormuz remains accessible to friendly nations.
Botswana is expediting the leasing of coastal storage facilities in Namibia and Mozambique to diversify supply routes for petroleum products.
The move aims to mitigate supply disruptions in the neighbouring country.
Various entities owe NamPower N$912 million.
This was mentioned by the Electricity Control Board (ECB), warning that the escalating debt continues to strain the national electricity supply system.
The Minister of International Relations and Trade says Namibia is placing particular focus on exploring cooperation in nuclear energy with its bilateral partners.
NamPower has reiterated its commitment to ensuring the country's electricity supply security by adopting a least-cost supply mix and boosting local generation capacity.
