Green CPC lists on local bourse

First in energy sector

13 September 2019 | Sakenuus
Jo-Maré Duddy – Alpha Namibia Industries Renewable Power Ltd (Anirep) yesterday became the first alternative electricity company and the second capital pool company to list on the Namibian Stock Exchange (NSX).

Anirep listed on the Development Capital Board of the NSX after raising more than N$110 million from institutional and retail investors via a private placement process. The majority are local shareholders, while others are regional and international.

Anirep aims to facilitate the investment of long-term capital in infrastructural renewable energy projects in Namibia and Sub-Sahara Africa, with an initial focus on the renewable energy sector in generation, transmission and distribution.

“The listing of Anirep brings both deepening and diversification of the Namibian capital markets with Anirep being the first company to list in the energy sector on the NSX,” the chief executive officer of the bourse, Tiaan Bazuin, said at the listing.

Skilled team

The company was initiated by Tulive Private Equity, an infrastructural fund manager, Jordaan Oosthuysen Nangolo, a construction project cost and management consultant, EMCON PSE Consultants, an engineering consultant, and Doranova Oy, a Finland-based biogas and soil remediation engineering procuring and construction company.

The managing director of Anirep, Iyaloo Nangolo, told Market Watch the vehicle of a capital pool company (CPC) was chosen to “acquire and consolidate the fragmented renewable energy market in Namibia”.

“The development of renewable energy assets is an expensive pursuit that requires significant investment of capital. The NSX requirements cater for our financing needs in the establishment phase,” Nangolo said.

“Moreover, we were keen to allow for Namibian investors to have an opportunity to invest in a local energy asset,” he added.

The NSX’s CPC rules allow Anirep a two-year window to deploy the raised capital.

Nangolo said Anirep has identified a number of renewable prospects in varying stages of development. “Anirep will at the right time disclose more information about this matter. At this stage the information is proprietary.”

Regulatory environment

Bazuin told Market Watch that CPC’s are bound to grow in popularity and that more listings can be expected in the near future.

“I think it’s already clear this product has a lot of potential to allocate our local funds to be utilised locally. Various models have been attempted to get our capital allocated locally and this model really appears to have potential,” he said.

“However, the fruits of the capital allocation could be somewhat delayed as the capital needs to be allocated after listing,” Bazuin said.

“That’s why it is important that regulators come to the party and relook our total regulatory allocation system so funds get the required returns to grow every year to sustain pensions in the future.”

Bazuin said the NSX is actively engaging in this regard, “as we have seen pension fund returns go down in the last few years following regulatory amendments”.



Man skiet vrou, homself op Rehoboth

1 uur gelede | Misdaad

’n Tragedie het die Rehoboth-gemeenskap vanoggend geruk nadat ’n 47-jarige man eers sy vrou (38) in die kop geskiet en daarna homself doodgeskiet het.Volgens adj.komm....

Making the lives of the Namibian youth better

11 ure gelede | Mense

Monique AdamsThe statement “never forget where you come from” is something Robert Haihambo frequently reminds himself of.‘Do it for the Kids Namibia’ is a voluntary...

Namaf toenemend voorskriftelik, sê forum

11 ure gelede | Gesondheid

Henriette Lamprecht – Vier uit vyf private diensverskaffers van gesondheidsdienste in Namibië wat aan ’n onlangse peiling deur die Namibiese Private Praktisynsforum (NPPF) deelgeneem het,...

Steun vir renosters

11 ure gelede | Omgewing

Renosterbewaring lê Namibia Hospitality Suppliers & Distributors baie na aan die hart en hulle het hande met die niewinsgewende organisasie die Rhino Momma Project gevat....

Man vas oor foto van afgemaaide vissermanne

11 ure gelede | Afrika

Ronelle RademeyerTerwyl Botswana se staatshoof sy regering tot “dialoog en aktiewe betrokkenheid” oor kwessies voortspruitend uit die dood van die Nchindo-broers en hul neef verbind...

Nust verdedig nuwe VK-aanstelling

11 ure gelede | Onderwys

Jemima BeukesDie Namibië Universiteit van Wetenskap en Tegnologie se raadsvoorsitter, me. Floretta Nakusera, sê hulle sal die aanstelling van dr. Erold Naomab as nuwe visekanselier...

Weer vir 17 November 2020

11 ure gelede | Weer

BINNELAND: Sonnig en baie warm in die Suide en Weste. Elders sal dit gedeeltelik bewolk en baie tot bloedig warm wees met geïsoleerde donderbuie in...

Education for all

11 ure gelede | Onderwys

Enzo AmueleThe construction of a block of pre-primary classrooms, four toilets and two storerooms at the Môreson Special School in Windhoek has been completed.The block,...

Archiving at its best

11 ure gelede | Kortnuus

Monique AdamsThe NMH MediaTech Library, Kiosk and Studio is a place where anyone can go and do their assignments, scroll through the archives of old...