Who owns Karibib lithium?

The Karibib Lithium project is held under Australian-based exploration company, Lepidico (80% public listing) and !Huni (20% privately owned by five shareholders). The original 80% partner was Desert Lion Energy Namibia and after a successful takeover, Lepidico acquired the 80% in the Karibib Lithium Project. Desert Lion was renamed to LCN.

What are the main energy sources in Namibia?

Namibia’s main energy sources are petroleum, hydropower, imported electricity and imported coal. Currently, less than 50% of the population has access to power. The country’s traditional generation capacity consists of a mix of hydropower, coal, diesel and thermal.

Will Namibia become a supplier of energy?

Once Namibia has successfully incubated the green hydrogen economy, it will enable the country to become a supplier of energy, rather than an importer.

How does Namibia get its electricity from South Africa?

These domestic electricity generation plants, however, supply less than one-third of power consumption. As a result, Namibia imports most of its electricity primarily through bilateral contracts with South Africa’s national power utility (Eskom) and to a lesser extent, the Southern Africa Power Pool.

Will Namibia introduce nuclear power into its domestic mix?

Namibia has stated its interest in introducing nuclear power into its domestic mix. The desire (and need) to move away from the traditional energy mix, coupled with Namibia’s potential for renewable energy generation, resulted in several reforms over the last few years aimed at attracting IPPs.

How will solar power benefit Namibia?

The generation of solar power will complement Namibia’s available green energy portfolio, such as hydro-electricity, which already constitutes more than two-thirds of our installed power capacity. Electrifying key parts of our economy and of our neighbours will spur unprecedented economic activity and growth for Namibia and Southern Africa.