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Asset financing seeks energy |
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Written by Staff Reporters
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Page 1 of 2
WesBank Vehicle and
Asset Finance, a division of FNB Namibia Ltd., comes to the fore in the current
energy crisis by offering financing on alternative energy solutions. From solar
panels to generators, WesBank says it understands the need for continuance in
every business, home or farm, even when and in spite of possible power
shortages and outbreaks.
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Elmarie Cilliers
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Staff at
the WesBank branches in Windhoek and Walvis Bay, supported by any FNB branch
throughout Namibia, are ready to assist with applications to invest in
alternative energy solutions.
Fears of
crippling power cuts in Namibia set in after South Africa’s power utility
Eskom’s announcement in January that it would halt its power exports to
Namibia, Botswana and Zimbabwe after not meeting the growing demand in South
Africa.Nampower
warned of forced load shedding and time-of-use tariffs for electricity usage at
peak times, urging Namibians to save up to 20 percent of their electricity
usage whether they are private households, municipalities or large consumers
like mining companies.
Load-shedding
is carried out when electricity to some customers or areas is cut for several
hours in order to satisfy peak demands in other areas. In Namibia this will be
done in synchronisation with Eskom.
President
Hifikepunye Pohamba also lend his voice to the call to turn to renewable
energies, encouraging Namibians to make use of solar power technology to
provide sustainable power for homes, schools and businesses.
According
to Mr Harald Schütt of the Renewable Energy and Energy Efficiency Institute at
the Polytechnic of Namibia, going the renewable route will be of huge benefit
to Namibia, making the country’s economy more robust and less vulnerable to
international turmoil.
Currently
world industries use in one year as much fossil fuel as Mother Earth has been
able to produce in 1 million years. “Since these fossil fuels are becoming more
and more scarce and expensive to mine, the demand are exceeding supply which in
return leads to rising prices determined and decided by the big players on the
world level.”
Schütt is
of the positive opinion that every household in Namibia can reduce their
electricity consumption by 50% or more. The first and easiest way is to convert
all old light bulbs into Energy Saving bulbs, while electrical water heaters
are replaced by a Solar Water Heater.
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