NamPower logo — Powering the Nation

NamPower

Powering the Nation

Founded 1964 937 employees Late Stage Total: $92.61M Energy, Government and Military

General Information

Company Name NamPower
Founded Year 1964
Employees 937
Industries Energy, Government and Military
Funding Stage Late Stage
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About NamPower

Nigeria-based NamPower, founded in 1964, is the national power utility company responsible for the generation and transmission of electricity in Namibia. With the mission of "Powering the Nation," the company plays a pivotal role in the socio-economic development of the country by ensuring the availability, affordability, and accessibility of electricity.

NamPower operates three main power facilities: the thermal, coal-fired Van Eck Power Station outside Windhoek, the hydroelectric plant at the Ruacana Falls in the Kunene Region, and the standby diesel-driven Paratus Power Station at Walvis Bay. Its extensive and high-caliber transmission network is a significant asset.

In its recent funding endeavors, NamPower received a €20.00M grant investment on 24 December 2021 from KfW and the Federal Government of Germany. This investment underscores the importance of NamPower's role in energy sustainability and development in Namibia.

Taxonomy: electricity generation, electricity transmission, thermal power, coal-fired power station, hydroelectric power, diesel power station, power utility, socio-economic development, transmission network, energy trading, electricity accessibility, electricity affordability, electricity availability

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing •••••• 1
Investor
01 Sep 2024
Grant •••••• 1
Investor
01 Dec 2021

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FAQ About NamPower

Powering the Nation
NamPower was founded in 1964.
NamPower operates in the following industries: Energy, Government and Military.
NamPower has approximately 937 employees.
NamPower has completed 2 funding rounds, raising a total of $92.61M. The latest funding stage is Late Stage.
Top alternatives and competitors to NamPower include ElectraNet Pty Ltd, Litgrid, AESO, Eskom Holdings SOC Ltd, NPC UKRENERGO. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
NamPower and ElectraNet Pty Ltd are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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