- PROVISION OF GRID CONNECTED STREET LIGHTS
- ASSESSMENT AND DESIGN OF INCOMPLETE ROADS AND ASSOCIATED INFRASTRUCTURE
- IMF ATTRIBUTES NIGERIA’S SOCIAL PROTEST TO ECONOMIC DIFFICULTIES
- TENDER OPPORTUNITY: PROVISION OF FIBER BANDWIDTH SERVICES
- MINISTER FOR WORKS SAYS NIGERIA GOVT. ARE STILL OWING ROAD CONTRACTORS
The project has been slated for construction in 2023 after both nations involves in the project agreed on it.
Baynes power plant will be expected to generate 600 MW of power, which would be sold to Namibia and Angola in equal allocations of 300 MW each, while regional off-take is being considered.
According to the energy ministries of both governments through the Permanent Joint Technical Commission on the Cunene River Basin (PJTC) said the commissioning of the plant is planned for the end of 2028 to the first quarter of 2029.
Meanwhile, the project is estimated to cost US$1,2 billion (around N$22,6 billion) based on the techno-economic study conducted in 2014.
Furthermore, an international law firm will come up with baynes treaty which will be a binational contractual agreement. This comes after the feasibility of the project was proven to be environmentally and technically viable.
The construction of the project is dependent on the final technical solution, which is part of the current assignment of updating the techno-economic data, the project reaching financial close, and the construction of the road access to the site.