Hyphen signs deal with Namibian government to develop green hydrogen project
In Namibia, Hyphen reported that it had signed an agreement with the Government of Namibia to develop a $10 billion- green hydrogen project in the country.
During the construction phase, it is estimated that the project will create around 15,000 new job opportunities and 3,000 permanent positions during the operational phase.
Under the feasibility and implementation agreement (FIA), Hyphen will be responsible for the technical, financial, environmental, social and commercial delivery of the project, while the Government of Namibia is responsible for providing the land on which the project will be established and developing and implementing the required legal, fiscal and regulatory environment.
Hyphen Hydrogen Energy is a Namibian green hydrogen development company, specifically formed to develop green hydrogen projects in Namibia for international, regional and domestic supply. Hyphen is a joint venture between Nicholas Holdings Limited and ENERTRAG SE.
Category: Hydrogen
