Namibia: Energy Cost Must Be Competitive for Industrialisation - Schlettwein

Windhoek — To become a competitive country in an ever-globalising world, industrialised economies' input costs - like power and other utilities - must remain competitive. Equally, energy supply for households must be affordable and accessible. This is according to Minister of Finance Calle Schlettwein, who is in Lusaka, Zambia, attending the annual meeting of the African Development Bank Group.

"Currently tariffs are around 30 percent higher in Namibia compared to the southern African region, making Namibia uncompetitive," said a concerned Schlettwein during a dialogue on climate change and energy in Lusaka. He added that to remain competitive and relevant in an increasing competitive environment, power projects must be sustainable, reliable and affordable and that countries must finance these projects with their own resources as this avoids loan "conditionalities", which tend to increase the developmental cost.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.