NAMIBIAN GOVT IN NEED OF FUNDS TO DEVELOP ENERGY SECTOR

The Namibian Government is in need of money to invigorate the energy sector and to initiate strategic energy projects to enable Namibian people to prosper, says Minister of Mines and Energy Obeth Kandjoze.

In a statement read on his behalf during the opening of the second national stakeholder workshop on a Draft National Energy Policy on Monday, the minister said the government could not do it alone.

"We must all realise that the Government cannot shoulder the immense investment requirements in the country's energy sector alone."

Kandjoze reminded potential investors that Namibia is open for business and the government welcomes investments in the energy sector.

He said the private sector will play an important role in meeting the country's energy needs, developing expertise, driving innovation and contributing to national development efforts. There is therefore a need for a National Energy Policy that will stipulate guidelines on how to use national energy resources to further the development of all Namibians.

Kandjoze said the government would create national circumstances that result in the development and use of a sustainable national energy mix to provide secure and affordable access to modern energy for all.

"This necessitates efficient, regulated and diversified markets that focus on people's needs, while benefiting from Namibia's considerable local energy endowments."

Source: NAM NEWS NETWORK