ANIREP and IFC have entered into a collaboration agreement to determine the viability of developing a 10-20 MW independent solar power plant with a view to pilot the new Modified Single Buyer Model in Namibia (the "Project"). This is expected to take an estimated nine months from the effective date. The new Modified Single Buyer Model (MSBM) in Namibia was established by the Electricity Control Board (ECB or Regulator) in 2019 to allow independent power producers (IPPs) to sell electricity directly to customers (i.e. off-takers registered to procure power through the MSB model), including regional electricity distributors, large industrial and mining companies, municipalities, and local authorities.

The objective is to implement a successful solar project to supply energy to a portfolio of customers, also referred to as an aggregator model, under the MSBM. ANIREP and the IFC will work on the development and implementation of the aggregation model to, inter alia, confirm tariffs and validate the business model, as well as identify the tools and operational requirements for potential scalability in Namibia and across the region.