Electricity Control Board Document1 Page 1 of 4

REPUBLIC OF NAMIBIA

APPLICATION FOR A LICENCE IN TERMS OF THE

ELECTRICITY ACT (Act 4 of 2007)

CGx. FINANCIAL INFORMATION

Form Name Form_CGx_v1 Revision Date November 2018

Version 1

Please return completed forms to:

Electricity Control Board Tel: +264-61-374 300

6 Burg Street Fax: +264-61-374 305

P.O. Box 2923 E-mail: info@ecb.org.na

Windhoek Website: http://www.ecb.org.na

Namibia
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C Checklist of additional information to be submitted as part of this form:

Description Format/Form Attached?

C.1 Business Plan Legible PDF
document
C.1.1 Narrative on development and implementation
strategy
C.1.2 Narrative on shareholding and funding strategy, and
the procurement/availability of funding:
 Detailed funding plan including a list of
investors, lenders and donor agencies
 Interest rates of all loans
 Detailed information about the seniority of loans
and clear agreed repayment plan.
 If the project has debt to be redeemed in foreign
currency, clearly indicate if a fixed rate would be
negotiated. If not, indicate how the forex
exposure would be mitigated to not adversely
effect end consumers
 Assumptions about expected returns. Does the
investor expect their returns in foreign currency?
What, if any, instruments will be seen to
mitigated the foreign currency exposure
C.1.3 Narrative on procurement strategy
C.1.4 Narrative on key agreements: commercial, financial
and technical
C.1.5 Narrative on environmental, climate change, safety
and health issues, the procurement of the relevant
environmental clearances from the Ministry of
Environment and Tourism well as other
permits/licencing required
C.1.6 Narrative on outcome of Financial Model, including
a calculation of the net present value of the proposed
plant and any alternative plants, which calculation
must be in accordance with the guidelines
determined by the Board
C.1.7 Annual forecast of at least first five years of cost,
sales and revenue generated by the generating
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Description Format/Form Attached?

station(s), stating the assumptions underlying the
figures
C.1.8 Narrative on timelines, key dates and schedules
C.2 Financial Model Excel Workbook
as per the
C.2.1 Assumption Sheet
prescribed ECB
C.2.2 Cost data for each generating station is to be broken model
down into the following categories.
 Primary Energy Cost (HFO, coal, gas, etc.)
 Operations
 Maintenance
 Administration
 Corporate overheads (specify method of
allocating head office expenses)
 Depreciation (specify method and rates)
 Finance charges
 Taxes
 Capital expenses
 Other
C.2.3 Annual financial and cost ratios with respect to the
profitability, return on assets, cost per N$ of
revenue, cost per kilowatt-hour sold and employees
per unit of the generating stations
C.2.4 Annual forecast of cost, sales and revenue generated
by the generating station(s), stating the assumptions
underlying the figures
C.2.5 Complete cash flow sheet per annum over the life of
the project
C.2.6 Complete Income and Expenditure statement per
annum over the life of the project
C.2.7 Detailed capital plan of all capital expenditure up to
commissioning by month (including a breakdown of
donor funded assets)
C.2.8 Complete and detailed production plan
C.2.9 Profile of energy production
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Description Format/Form Attached?

C.2.10 Information about operational expenditure up to
commissioning by month divided between fixed and
variable
C.2.11 Capital plan of all capital expenditure after
commissioning on an annual basis together with
ongoing and life extension capital
C.2.12 Operational expenditure after commissioning
annually divided between fixed and variable
expenditures
C.2.13 Present value of the expected cost over the life of the
generation plan
C.2.14 Present value of the energy of the life of the
generation plant
C.2.15 Tax implications on an annual basis

C.3 Signature of Applicant

Submitted at on 20

Signature Name

Witness 1 Witness 2

Signature Signature

Name Name