WINDHOEK, July 27 — Hyphen Hydrogen Energy and the Government of the Republic of Namibia (GRN) have unveiled a groundbreaking socio-economic development framework (SED Framework) for Namibia’s landmark $10 billion green hydrogen project.
The SED Framework, a pivotal aspect of the Feasibility and Implementation Agreement (FIA), underscores the GRN’s commitment to incorporating socio-economic development targets for renewable hydrogen developers in the country’s green H2 strategy implementation.
Beyond meeting legal requirements, the SED Framework reflects Hyphen’s dedication to maximizing Namibian participation in the project. It outlines objectives for local procurement, employment, skills development, and enterprise and supplier development.
During the official launch ceremony, both Hyphen and the GRN highlighted the SED Framework’s role in promoting Namibia’s socio-economic well-being. The project is poised to empower local communities, generate employment opportunities, stimulate economic growth, and contribute to a sustainable future for the country.
Toni Beukes, Hyphen’s Head of Environment, Social and Governance (ESG), expressed ambition in setting a global benchmark for sustainable and equitable development in large-scale green hydrogen projects, with a focus on inclusive economics and robust environmental sustainability.
The green hydrogen project is anticipated to generate up to 15,000 new jobs during the construction phase, with 3,000 permanent positions once operational. A key objective is to have 90% of these jobs filled by Namibians, with 20% earmarked for youth.
The project also aims for 30% local procurement of goods, services, and materials during both the construction and operational phases.
Governed by the pioneering FIA, the development, implementation, and operation of Namibia’s first green hydrogen project will make it the largest and “only fully vertically integrated” initiative of its kind in sub-Saharan Africa.
To foster community engagement and awareness, Hyphen and GRN have planned a 3-month national roadshow, starting in August, targeting local communities, businesses, and individuals across Namibia. The roadshow aims to provide detailed insights into the SED Framework and explain the project’s mechanics and potential benefits for the nation.
This development signifies a significant milestone for Namibia and the broader green hydrogen industry. The SED Framework sets a new standard for sustainable and equitable development in large-scale green hydrogen projects and is poised to attract further investment in the sector. – Namibia Daily News