NamPower is not broke – Haulofu
NamPower says its sustainability is not dependent on the current pursuit to recover N$1.5 billion owed by clients.
The national utility’s Managing Director Kahenge Simson Haulofu shrugged off notions that NamPower is cash-strapped.
Haulofu said the power utility’s engineered debt recovery was not due to the persistent load-shedding in South Africa where NamPower imports 100 megawatts (MW).
“…this is just a normal procedure which we also undertook in 2021 to collect what belongs to us, as we need such funds to be reinvested and finance our business operations. This does not mean, NamPower is broke, we are not broke and remain sustainable,” he said.
https://thebrief.com.na/index.php/component/k2/item/2873-nampower-is-not-broke-haulofu #sustainability #sustainable #business #finance #power #southafrica #namibia #nampower #electricity #loadshedding #powercuts NamPower Ministry of Mines and Energy Namibia AFRIK 21
Source: The Brief, Namibia