By Wezi Tjaronda
The Ministry of Mines and Energy will develop a nuclear regulatory framework for it to pursue nuclear power as a long-term solution to the electricity shortage in the country.
This will also allow for the processing of Namibia’s uranium resources, which are presently exported as yellow cake.
Cabinet recently approved that the ministry should develop the framework for the country to use its resource to solve its electricity crisis.
Namibia, like other countries in the southern African region, faces a shortage in electricity because of lack of generation capacity, which may go on for years.
Yet, Namibia has vast uranium reserves, from which Cabinet said it could gain more if there was value added to the resource before export.
Beneficiated uranium product fetches N$3??????’??