Namibia and Angola to Sign $1.2 Billion Baynes Project Agreement

Namibia and Angola are set to sign the implementation agreement for the $1.2 billion Baynes Hydro-Power Project next month.

Government lawyers from both countries will meet to finalize the legal review of the Baynes Binational Implementation Agreement, with the joint review meeting scheduled to take place in Windhoek this month.

This development follows a meeting between Angola’s Minister of Energy and Water, Joắo Baptista Borges, and Namibia’s Minister of Mines and Energy, Tom Alweendo. They announced that the feasibility study for the Baynes Transmission Interconnection is at an advanced stage, expected to be completed by mid-2025.

Additionally, the ministers confirmed that a public model has been identified as the most suitable implementation approach for the Baynes Binational Hydro-Power Project.