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Overview of OPE

Overview of OPE. 21 July 2011, Hilton Hotel Fillemon Nakashole Chief Executive. Outline. OPE background Vision, Mission, Values & Slogan Milestones achieved & Activities Capex 2011/2012 Financial Graphs. OPE Background.

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Overview of OPE

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  1. Overview of OPE 21 July 2011, Hilton Hotel Fillemon Nakashole Chief Executive

  2. Outline • OPE background • Vision, Mission, Values & Slogan • Milestones achieved & Activities • Capex 2011/2012 • Financial Graphs

  3. OPE Background White Paper on Energy of 1998 identified need for ESI restructuring with aims to: Improve efficiency Upgrade aging infrastructure Lower tariffs Accelerate electrification projects and therefore stimulate economy OTC and NamPower agreed for JVC called OPE

  4. OPE Background JVC (OPE) was supported by both MME & MLRGH Some of the objectives of a JVC were: Reduction of illegal connections & technical losses Electrification of urban poor localities of Oshakati Improved administration of Electricity Services To keep tariffs affordable, yet sustainable Reduction of power failures To grow the Demand for electricity in Oshakati Rehabilitation of the aging electricity network Job creation Make electricity profitable etc,

  5. OPE Background OTC NamPower 50% 50% OPE established in 2000 Shareholding structure was like: OPE

  6. OPE Background OTC 100% In 2007, NamPower handed over its share certificate to OTC, which made OTC a sole shareowner: OPE

  7. Vision • To be the preferred electricity distribution and supply Company in all areas where it operates.

  8. Mission • Through effective and efficient service, provide its customers with affordable and reliable electricity, while exceeding shareowners’ expectations, caring for its employees, and expanding its market share.

  9. ValuesOPE subscribes to and practices the following values: • Transparency • Ethical Business Practices • Integrity • Accountability • Teamwork • Loyalty • Excellence • Honesty • Commitment • Good Corporate Citizen

  10. Slogan • Energizing Your Future.

  11. OPE MILESTONES ACHIEVED AND ACTIVITIES • Master Plan for Electrification in 2001 • Electrification of Uupindi North and Uupindi South • Electrification of Evululuko Ext. 10, 11 & 12 • Electrification of Okandjengedi Ext. 15 • Erection of 32 scissor high mast lights • Equipping almost all streets with street lights • Equipping 6 intersections in Oshakati with Traffic Lights (Robots)

  12. OPE MILESTONES ACHIEVED AND ACTIVITIES (CONT) • Ensure and enable fast connection to new customers • Ensure that technical losses are less than 10% currently at 7%. • Ensure that debtors pay on time- 32 days • Ensure that suppliers are paid on time • Setting up of 04 Vending Stations • 24 Hours Fault reporting centre

  13. OPE MILESTONES ACHIEVED AND ACTIVITIES (CONT) • Adequate maintenance of our network to ensure zero power failure • Network upgrade (MV & LV) • Minisub & Transformer refurbishment • OPE 11kV Intake Station upgrade • 11kV Feeder Cables upgrade • Power Factor Correction • Return to the Shareowners to date N$31Millions.

  14. Capex 2011/12 • Online Vending • Business intelligence • 2 x Vending Stations due to electrification • Customer service centre planning • Electricity Distribution masterplan update • Network upgrade • Installation of 15 High Masts lights – total 47 • Install new traffic lights at one Junction • Power Quality System set-up

  15. Financial Graphs

  16. Financial Graphs

  17. Financial Graphs

  18. Thank you www.ope.com.na Tel: 065 220 229

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