Hyphen Hydrogen Energy plans to spend N$54 billion on procurement from local Namibian businesses over the course of the company’s project in Namibia.
This is almost the country’s total reserve amount.
Speaking at an enterprise and supplier development programme launch this week, senior manager Johannes Shipepe said the project is targeting 30% local procurement.
To be able to do this, he said Hyphen, in partnership with the Deutsche Gesellschaft für Internationale Zusammenarbeit, launched a programme to help build Namibian businesses’ capacity and to help them compete in the sector.
The initiative is backed by grant funding of up to 300 000 euros (about N$5.8 million) from the International Hydrogen Ramp-up Programme, matched by Hyphen.
“The objective is to ensure Namibian companies are not limited to basic services, but are able to compete for more specialised opportunities across the value chain,” Shipepe said.
He said the programme will focus on four pillars: improving tendering skills, compliance and certification, access finance, and partnerships.
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