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Groot Glass Appoints Germany-Based Suntrace GmbH as Technical Consultant for Its 80MW Solar (PV) Power Plant in Tses, Namibia

FOR IMMEDIATE RELEASE -- WINDHOEK, Namibia, May 7, 2019 (Groot Glass) --

Groot Glass Limited, the premier glass manufacturing company in Namibia, has appointed Germany-based Suntrace GmbH as the Technical Consultant for the development of 80MW Solar Photovoltaic (PV) Plant ("Groot Solar Park"), to generate a cost-effective electricity and power the planned Groot Glass Manufacturing Factories in Tses of //Karas Region in Namibia.

Groot Glass plans to setup different factories in Tses to manufacture a wide range of glass products for the construction, kitchenware, beverages, pharmaceutical, touch screen devices, automobiles, solar panels and other industrial applications for the local and regional markets.

The company seeks to initially commission two separate glass-manufacturing factories with the capacity of 350tpd Container and 600tpd Float for the beverages and construction industries, and add later on three separate tableware, ultrathin and fiberglass factories on the site.

Per year power consumption when all five glass-manufacturing factories are commissioned, will be approximately 100.8 million units, and Groot Solar Park plans to export the surplus, which is about 15% of the total output, to the national electricity transmission network (NamPower) for the domestic power consumption.

Namibia generates about 59% of its electricity needs and still imports about 41% of its power supply mainly from South Africa, Zimbabwe, DRC and Zambia. Namibia also trades electricity with the latter two countries. The Namibian Government wants to reduce imports and increase local generation capacity through renewable energy sources. This policy is also part of the Namibian Government’s national climate change strategy and action plan (2013 – 2020) submitted to the United Nations.

"In this regard, there is a great opportunity for a sustainable 80MW Groot Solar PV Plant development in Tses, to supply the required electricity to the envisaged Groot Glass factories, and supply the surplus to the national grid, which also compliment the energy demand," exclaims V. Sahu, Project Manager of Groot Solar Park.

"To produce our own electricity for our factories and supply the difference to our country is a great relief to our OPEX, which will enable us to pass the saving in electricity costs to our employment creation opportunities," states Elikana Nangolo, Director of Groot Glass and President of Groot Systems.

Expected to cost about USD $284 million (approx. NAD $4 billion), the Groot Solar Park as it expects to have a capacity in direct current (DC) at 80MW will have about approximately 250,000 crystalline silicon modules, which would also include large-scale energy storage and tracking systems. The commercial operation of Groot Solar Park is estimated to start by mid-2021, with an annual output estimated at 160GWh.

"We estimate that our annual power consumption to about 100.8 Million Units for our five glass manufacturing factories, thus we are looking at having a great savings in electricity and sustainable financial model, possibly to be about USD $18.144 million (with NAD $2.5 per kWh rate)," says Simon Kapenda, Founder of Groot Glass.

Groot Glass looks to appoint a reputable international EPC as the Main Contractor and a qualified local SME as the Subcontractor for the PV Farm, Electrical Substation and Civil Work for the Groot Solar Park in Tses.

Suntrace is an independent expert for the development of solar power projects, which has so far completed solar projects with over 7,000 MW capacity worldwide including the Solar (PV) Power Plant for Ohorongo Cement in Otavi, Namibia.

About Groot Glass
Groot Glass Limited (Co.Reg.No.:2019/0115) is a Namibia-based premier company with a vision to manufacture a wide range of quality glass for the construction industry, kitchenware, beverages, pharmaceuticals, touch screen devices, automobiles, solar panels, eyewear, and other industrial applications. The company is majority-owned by Groot Systems (Pty) Ltd with 15% shareholding owned by Tses Village Council of the Ministry of Regional and Local Government, Housing and Rural Development of the Republic of Namibia.

Contact Info:
Public Relations
Groot Glass Ltd
Dr. Frans Indongo Street
Windhoek, Namibia

Phone: +264-81-250-9027
Email: pr@grootgroup.com
Web: grootgroup.com/glass
Facebook: grootglass

Safe Harbor Act

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

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