Eco International is developing the 50 MW TeraSun Energy Solar PV Power Park to supply competitively priced electricity to any large power user across the Namibian national power grid.
The TeraSun Energy solar PV power park will be located in the town of Arandis, on a site the has been secured and which enjoys amongst the best solar irradiations in the country with a potential to generate over 2480 kWh/kWp/year.
The 900 million Namibian Dollar investment will be structured through TeraSun Energy (Pty) Ltd, a special purpose company that will engage large power users to conclude competitively priced Electricity Supply Agreements with firm supply durations between 5 and 15 years, according to individual customer requirements.
In terms this new regulatory market framework, players are to be known as Contestable Customers and Eligible Sellers. Contestable Customers are all the Regional Electricity Distributors (REDs), the City of Windhoek and all NamPower customers that are connected to NamPower’s transmission network.
Contestable Customers will be allowed purchase electricity from the TeraSun Energy Power Park via bilateral transactions for up to 30% of their annual energy purchases.