Angola and Namibia agreed in Luanda on 16 October to build the Baynes hydropower dam on the Cunene River under a public implementation model, with both governments financing it to keep tariffs affordable. The 860-megawatt plant, with four 215-megawatt units, is estimated to cost about $1.5 billion, excluding the transmission lines and roads each country will build separately. Studies began in the 1990s; a project unit and its financial advisers have now drafted a funding strategy, with support from the African Development Bank and the Southern African Power Pool. The dam would give Namibia, which depends on electricity imports, a large new source of supply shared with its neighbour. No financing package or construction date has been set.
Sources
- Mining & Energy (Namibia): https://miningandenergy.com.na/namibia-angola-push-to-begin-construction-of-baynes-hydropower-project/
- ANGOP (via allAfrica): https://fr.allafrica.com/stories/202610160614.html