Namibia Government Holds 30% Stake in N$3 Billion Desalination Plant with Swakop Uranium's 70% Control
Namibia's government has entered a joint venture with Swakop Uranium, granting the Chinese state-owned company a 70% stake in a N$3 billion desalination project in the Erongo region. The desalination plant aims to produce 20 million cubic meters of water annually, connecting to NamWater's distribution system. Political leaders express concerns over foreign control of a vital resource, highlighting potential risks of increased water prices for local communities. The project received Cabinet approval and is financed 60% through debt.
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Namibia's government has partnered with Swakop Uranium, a subsidiary of China General Nuclear Power Group, in a joint venture for a N$3 billion desalination plant in the Erongo region, with the government holding a 30% stake. The plant is expected to produce 20 million cubic meters of water annually and integrate with NamWater's existing distribution system.
Political leaders criticize the foreign company's 70% control, warning it could lead to high water prices and inequitable access. The project was approved by Cabinet and aims to ensure long-term regional water supply solutions, with 60% of its cost financed through debt.
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