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    SpyGhana: Namibia Gas Dream Gets Funding

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Summary

Namibia has received part of the funding it needs to explore the Kudu gas field in the Orange Sub-basin. The field could potentially hold 9 trillion cf of gas

by: Erica Mills

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Press Notes, Africa

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SpyGhana: Namibia Gas Dream Gets Funding

Namibia’s dream of using gas could become a reality after the Kudu Gas project in the southern part of the country was allocated 4.93 billion Namibian dollars (406 million U.S. dollars) Tuesday. 

The Kudu gas field lies in the Orange Sub-basin at a water depth of 560 feet. It is estimated that the field holds 1.4 trillion cubic feet and possible reserves at nine trillion cubic feet. It could last for 23 years.

The Kudu Power Station will be the first Combined Cycle Gas Turbine power station of this size in Southern Africa and is expected to be commissioned by end of 2017.

The first phase of the project is expected to start any time soon. The project is estimated to cost about 1.2 billion U.S. dollars.

Read the full article HERE.

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