Nored

Nored clears N$341m debt to NamPower

Nored clears N$341m debt to NamPower

Allexer Namundjebo The Northern Regional Electricity Distributor (Nored) says that it has fully settled its debt of N$341 million with NamPower. Nored acting chief executive officer Toivo Shovaleka said this week the debt, which had strained relations between the two entities, was cleared on 9 June 2025.  He described the amount as a historic debt that had built up over several years.  NamPower had previously suspended electricity supply to Nored due to the unpaid amount. To resolve the crisis, Nored entered into a repayment agreement with NamPower in June 2023, which allowed it to gradually settle the debt.  “We are…
Read More