{"id":66386,"date":"2022-01-31T11:59:12","date_gmt":"2022-01-31T11:59:12","guid":{"rendered":"https:\/\/theelectricityhub.com\/?p=66386"},"modified":"2022-01-31T11:59:12","modified_gmt":"2022-01-31T11:59:12","slug":"kfw-sign-e20-million-grant-for-large-scale-energy-storage-in-namibia","status":"publish","type":"post","link":"https:\/\/theelectricityhub.com\/kfw-sign-e20-million-grant-for-large-scale-energy-storage-in-namibia\/","title":{"rendered":"KfW Sign \u20ac20 Million Grant for Large-Scale Energy Storage in Namibia"},"content":{"rendered":"<ul>\n<li>KfW grants NamPower \u20ac20 million for energy storage deployment.<\/li>\n<li>NamPower is expected to contribute 20% of the total cost of the storage project.<\/li>\n<\/ul>\n<p>The German development agency, Kreditanstalt f\u00fcr Wiederaufbau (KfW), has signed a \u20ac20 million grant agreement with the state-owned Namibia Power Corporation (NamPower). The funding will be used for a large-scale electricity storage project in the Erongo region.<\/p>\n<p>The financing agreement was signed recently between NamPower\u2019s managing director, Kahenge Haulofu, the director-general of Namibia\u2019s National Planning Commission, Obeth Kandjoze, and Barbara Pirich, KfW\u2019s director in Namibia. The utility is expected to contribute 20 per cent of the total cost of the storage project. The state-owned company will focus on connecting the future storage system to Namibia\u2019s national power grid from the Umburu substation, as well as paying local fees and taxes not covered by the KfW grant.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KfW grants NamPower \u20ac20 million for energy storage deployment. NamPower is expected to contribute 20% of the total cost of the storage project. The German development agency, Kreditanstalt f\u00fcr Wiederaufbau&hellip; <\/p>\n","protected":false},"author":9,"featured_media":61531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[219,223,930],"tags":[261,2710,267,1206],"class_list":["post-66386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-renewable-energy","category-southern-africa","tag-energy-storage","tag-kfw","tag-namibia","tag-nampower"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KfW Sign \u20ac20 Million Grant for Large-Scale Energy Storage in Namibia &#8226; The Electricity Hub<\/title>\n<meta name=\"description\" content=\"The German development agency, Kreditanstalt f\u00fcr Wiederaufbau (KfW), has signed a \u20ac20 million grant agreement with the state-owned Namibia Power Corporation (NamPower).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theelectricityhub.com\/kfw-sign-e20-million-grant-for-large-scale-energy-storage-in-namibia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KfW Sign \u20ac20 Million Grant for Large-Scale Energy Storage in Namibia &#8226; 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