Anirep director gains N$5.4m in shares Chamwe Kaira  Alpha Namibia Industries Renewable Power Limited (Anirep), listed on the Namibian Stock Exchange, has awarded shares to its directors and related parties under its Performance Share Incentive Scheme. The company said the shares will vest on 30 October 2024 and be exercised on 31 July 2025 at a transaction price of N$8.99 per share. Iyaloo Jeremiah Nangolo, a director of Anirep, received 601,672 shares valued at N$5.4 million.  James Nyandoro, director of Anirep Solar, a subsidiary of Anirep, was awarded 122,944 shares worth N$1.1 million with a transaction date of 30 October 2024. Antti Johannes Myllärinen, a director, and Hans Pejaomati Hamukoto, executive director, each received 27,539 shares valued at N$247,575.  Executive Edith Nghitukwa was awarded 7,131 shares amounting to N$64,107. Alternative Electricity Consultants (Pty) Ltd, a related party to Anirep, received 1,835,924 shares valued at N$16.50 million.   The transaction was dated 21 July 2025. Anirep said all transactions involved direct beneficial interests and followed proper clearance procedures.  “The share awards form part of Anirep’s broader strategy to align management and shareholder interests through performance-based incentives,” the company stated. For the financial year ending 28 February, group revenue rose to N$177.2 million from N$89.2 million in the prior year.  The increase came from higher engineering, procurement, and construction revenue through Hopsol Africa’s work on the Khan Moses Mague//Garoeb 25.04 MWp Solar PV plant. The plant was completed after year-end and officially inaugurated by then-president Nangolo Mbumba.  Since commissioning, it has supplied power to the grid, doubling Anirep’s independent power producer revenue potential. Since its 2019 listing, Anirep’s growth in net asset value has exceeded the 15% hurdle rate, triggering incentive payouts.  The value of the performance award this year was N$41.3 million. Group loss before tax rose to N$42.9 million from N$7.9 million in the previous year, driven by the share-based incentive and increased development costs as the group expanded its IPP portfolio.

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MacAlbert Hengari resigns from ANIREP CHAMWE KAIRA  Alpha Namibia Industries Renewable Power (ANIREP) Limited has announced that in accordance with the Namibia Securities Exchange listings requirements, it informed shareholders of the resignation of Dr MacAlbert Hengari from the board of ANIREP Limited. This follows his appointment to the cabinet as Minister of Agriculture, Fisheries, Water and Land Reform. The board expressed sincere gratitude to Hengari for his dedicated service since March 2018. Hengari was appointed chairperson of the board in September 2020 and has led with diligence and unwavering commitment throughout his tenure. ANIREP extended its best wishes to Hengari as he undertakes to contribute meaningfully to Namibia’s sustainable development and food security. The deputy chairperson of the board, Gida Sekandi, will serve as interim chairperson until a substantive appointment is made. Furthermore, ANIREP told shareholders that another change to the board has occurred after Dr Candice Hartley tendered her resignation from the board of ANIREP Limited as an independent non-executive director due to a subsequent conflict of interest. The board expressed its appreciation to Hartley for her willingness to serve the company. The board said it was pleased to announce the appointment of Dr Eunice Cross as an independent non-executive director with immediate effect, replacing Hartley. This appointment was made in accordance with Article 30.7 of ANIREP’s Articles of Association, which authorises the board to fill casual vacancies for the remainder of the outgoing director’s term. Thus, her term will conclude on 31 December 2027. Cross is an admitted attorney of the Law Society of South Africa and brings with her more than two decades of experience in mergers and acquisitions, commercial and corporate law, banking and finance law, corporate governance, and structuring complex financial transactions. She holds a PhD in Business Administration and Management and a Master of Laws (LLM) – Commercial Law, both from the University of Witwatersrand. ANIREP was formed and incorporated in Windhoek in 2018. ANIREP is taking advantage of the environment created by the government for mobilising private sector investment into power projects, well ahead of its peer governments in the SADC region. This includes cost-reflective tariffs, an independent and functional regulator, and significant steps towards a competitive market structure, including the ability to purchase power from any generator other than NamPower. The aim is to become the largest developer and operator of utility-scale renewable energy assets in the country and grow a well-established brand, leveraging the track record of Hopsol Africa and ANIREP Solar. The company is seeking to drive the cost of electricity towards the long-term goal of U$0.03 per kWh, using our in-house capabilities to reduce the development cost and an appropriate capital structure to reduce the funding cost by mobilising significant long-term equity capital and competitively priced debt.

#MacAlbertHengari #ANIREP #Namibia #SustainableDevelopment #FoodSecurity

ANIREP acquires 45% stake in Cerim for N$60m CHAMWE KAIRA  Alpha Namibia Industries Renewable Power (ANIREP) has concluded a conditional binding offer, in terms of which ANIREP will acquire a 45% shareholding in Cerim Luderitz Energy (Pty) Ltd for a total consideration of N$60 million. The vendors are Allied Worldwide Trading Limited, for a 30% shareholding, and Riminii Investment (Proprietary) Limited, for a 15% shareholding. CERIM is an Independent Power Producer (IPP) currently developing a 50 MW (AC) wind power plant located 17km south of Lüderitz in the Karas Region. The project will include the development of 743 hectares of land into a power-generating facility and the construction of a 40km 132 kV transmission line to evacuate power to the Namib substation. Commercial Operation Date (COD) is expected within 18 months following Financial Close. The project is underpinned by a 25-year Power Purchase Agreement with NamPower, an Environmental Clearance Certificate and a Transmission Connection Agreement. ANIREP Managing Director Iyaloo ya Nangolo said, “ANIREP is proud to be accelerating its mission of delivering utility-scale, affordable, and clean energy to Namibia’s national grid, now diversifying into wind power. Building on the successful launch of the Moses Mague Garöeb Khan 25 MWp solar PV plant, ANIREP’s renewable energy portfolio will surpass 90 MWp of diversified capacity by its COD. “ Ya Nangolo said the CERIM project addresses Namibia’s critical energy challenges, including limited security of supply, rising electricity prices, and growing demand. With a projected annual wind availability of 4,300 hours, it presents a compelling investment in clean, reliable energy. He said it aligns with the goals of the Namibia Integrated Resource Plan and the Fifth National Development Plan (NDP5), to expand installed capacity to 755 MW by 2022/23 and source at least 70% of energy from renewable energy sources by 2030. Backed by a strong equity foundation and access to the approved N$5 billion Green Bond listed last year, ANIREP is positioned to fund this growth and drive further renewable energy development in Namibia and the wider region, Ya Nangolo said. He added that ANIREP provides a vital bridge between capital markets and infrastructure-based renewable projects, anchored by sustainable, long-term cash flows. “This milestone acquisition cements ANIREP’s role as an independent power producer, with a clear trajectory towards becoming one of the region’s foremost renewable energy platforms.”

#ANIREP #Cerim #RenewableEnergy #Investment #WindPower