Windhoek – Namibian President Hage Geingob has launched the Harambee Prosperity Plan Prosperity II (HPP II) open request for proposals to invest in the country’s green hydrogen and ammonium sectors.
The green hydrogen thrust constitutes part of the envisaged N$27 billion (US$1.8 billion) worth of projects targeted by the president in HPP II, which is Namibia’s blueprint to grow the economy, boost productivity, stimulate jobs and improve livelihoods.
HPP II also seeks to establish a sovereign wealth fund, and review legislation with a view to enhancing the doing business environment as well as assist distressed enterprises.
The hydrogen proposal request coincided with the announcement of a N$680 million (US$45.7 million) fund from Germany to assist Namibia’s ambitions in the sector.
“Namibia is a child of international solidarity and we were born out of international support. We have benefited from international solidarity while fighting for our independence and we conquered. We are now inviting you wherever you are to come to invest in Namibia and work with us. As a country, we have grown and grown our economy but we now need to work to produce and provide for our people,” President Geingob said.
The Head of State and Government also announced operationalisation of the Green Hydrogen Council of Namibia.
President Geingob called on investors to take advantage of opportunities in Namibia’s economy.
National Planning Commissioner Mr Obeth Kandjoze said introduction of green hydrogen in Namibia would assist the country would be a game changer for the national economy.
Research and establishment of a vibrant green hydrogen industry is being spearheaded by the University of Namibia with support from the central government and international partners and investors.Mr Kandjoze said that creation of a green hydrogen sector would see the country’s energy sector growing, with prospects of not only self-sufficiency but also of exports of electricity.