INTIEANamibia · National Energy Fund (NEF)PolicyIn force

National Energy Fund (NEF)

The National Energy Fund (NEF) was originally based on collections of levies on petroleum products. Currently it also receives money collected by the National Power Utility Nampower. On 01 July 2013, the Government of Namibia approved NEF electricity levy of 1.02, that adds to…

Last changed 11 years ago.

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Lifecycle

EffectiveJan 01, 1990
Last changeDec 01, 2015

Country / jurisdiction: Namibia · Year: 1990 · Status: In force · Level: National · Type: Voluntary

The National Energy Fund (NEF) was originally based on collections of levies on petroleum products. Currently it also receives money collected by the National Power Utility Nampower. On 01 July 2013, the Government of Namibia approved NEF electricity levy of 1.02, that adds to the NEF and can be applied towards:

Electrification funding (complementing GRN budgetary allocations);

Equity co-funding of electricity undertakings;

Loans to electricity undertakings for ficing capital projects;

Electricity price subsidies;

Subsidizing electricity tariffs to avoid temporary price shocks;

Subsidizing electricity pricing of identified poor communities;

Ficing of Regional Electricity Distributors (REDs)’ through soft loans for electricity related projects;

Guarantees for REDs;

Studies on Electricity Supply Industry (ESI) related projects;

Improvement of quality of supply and services;

Renewable energy projects

Official source: http://www.mme.gov.na/directorates/energy/nef/

Source

https://www.iea.org/policies/5896

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