Namibia Power Corp (Proprietary) Ltd 2024 Integrated Report
The report highlights NamPower's performance for the fiscal year ended June 30, 2024, focusing on expanding renewable energy capacity and ensuring security of supply. The company achieved a record-high generation of 2,067 GWh at the Ruacana Hydro Power Station, which helped reduce electricity imports to 45.8% of total requirements. Financially, NamPower recorded a net profit before interest and tax of N$1.1 billion, recovering from a net loss of N$2.1 billion in 2023, with group revenue increasing to N$8.6 billion. Key infrastructure milestones included the commissioning of the 290-kilometre Auas-Gerus 400 kV transmission line and progress on the Omburu Battery Energy Storage System.
Company: Namibia Power Corp (Proprietary) Ltd
Sector: Energy utilities
Country: Namibia
Year: 2024
Type: Integrated Report
Pages: 216
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Namibia Power Corp (Proprietary) Ltd
Integrated Annual Report
The report highlights NamPower's performance for the fiscal year ended June 30, 2024, focusing on expanding renewable energy capacity and ensuring security of supply. The company achieved a record-high generation of 2,067 GWh at the Ruacana Hydro Power Station, which helped reduce electricity imports to 45.8% of total requirements. Financially, NamPower recorded a net profit before interest and tax of N$1.1 billion, recovering from a net loss of N$2.1 billion in 2023, with group revenue increasing to N$8.6 billion. Key infrastructure milestones included the commissioning of the 290-kilometre Auas-Gerus 400 kV transmission line and progress on the Omburu Battery Energy Storage System.
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Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 30, 2024
Fiscal Year
2024
Published
Mar 15, 2025
Type
Integrated Report
Language
English
Pages
File Size
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Materiality Assessment
Assurance
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Assurance Standard
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Water Consumption
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Employees