N$4 Billion Financing Approval Advances Namibia–Angola Power Link
Government has approved the N$4 billion financing structure for the Angola–Namibia Transmission Interconnector and granted concurrence for execution of the National Energy Fund loan agreement with NamPower.
SOURCE SIGNAL
The Namibian government has formally approved the N$4 billion financing arrangement for the Angola–Namibia Transmission Interconnector, known as the ANNA Project.
The structure includes N$1.1 billion advanced by NamPower and N$700 million committed through the National Energy Fund. Of the NEF commitment, N$350 million is intended for the 2026/27 financial year and N$350 million for 2027/28.
The remaining N$2.3 billion is expected to be financed through the NEF’s Strategic Fuel Storage Levy. Finance Minister Ericah Shafudah has granted concurrence for the financing arrangement and execution of the NEF loan agreement with NamPower.
The project includes a 166-kilometre, 400 kV transmission line between Namibia’s Kunene substation and the Cahama substation in Angola, together with a 270-kilometre connection between the Omatando and Otjikoto substations.
Completion is scheduled for 2029, but the previously planned groundbreaking has not yet been confirmed. The financing approval therefore advances the project materially without establishing that construction has started.
COUNTRY IMPACT
The ANNA Project is intended to connect the Angolan electricity system more closely with Namibia and the Southern African Power Pool.
For Namibia, the interconnector can diversify available electricity sources and provide access to surplus Angolan generation, including hydropower. This could strengthen security of supply as domestic electricity demand increases and reduce exposure to individual import routes or suppliers.
The project would also expand the regional electricity-trading network and create infrastructure through which Angola could participate more fully in the Southern African Power Pool.
Its eventual impact will depend on completion of the remaining agreements, procurement, construction and commissioning. The 2029 completion date remains a target rather than an operating milestone.
RELEVANCE TO SUNGATE
The ANNA transmission infrastructure is not located at SUNGATE and does not establish a dedicated electricity supply for the development.
Its relevance is national and structural.
SUNGATE is a 408-hectare master-planned mixed-use development adjacent to Hosea Kutako International Airport and positioned at the convergence of air, road and rail. Long-term commercial, logistics, hospitality, light-industrial and supporting-service development depends on reliable national electricity infrastructure.
A larger and more interconnected power system can strengthen the operating environment in which major Namibian developments attract investors and businesses. For SUNGATE, the ANNA financing approval is therefore an indirect enabling-infrastructure signal rather than evidence of a site-specific electricity commitment.
SOURCE
Namibian Sun, “N$4bn approved for Baynes power link,” 24 September 2026.