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Namibia has unique possibility to develop hydrogen energy: president

China

China

China

Namibia has unique possibility to develop hydrogen energy: president

2024-10-05 19:08 Last Updated At:20:07

Namibia has been pursuing developments in green hydrogen energy, capitalizing on the country's natural conditions to bring prosperity to its people and build a more sustainable world, said Namibian President Nangolo Mbumba.

Speaking in an interview with China Media Group (CMG), Mbumba said the country's prospects for hydrogen energy have gained worldwide recognition, all built on a vision proposed by the country's former leader, Hage Geingob, who passed away in February this year. "Our late president (Hage Geingob) used to say that three or four years ago, we never even knew the word 'hydrogen,' but he picked it up. He got in touch with people who have the knowledge and understanding of it, he studied it and he marketed it to all of us. Namibia was identified not only by us, [but also] by experts throughout the world that we have a unique possibility to develop it," he said.

According to the Namibian president, not only will Namibia's hydrogen exports bring greener energy solutions to countries around the world, but the program itself will be built up using non-fossil fuel energy sources.

"We have the desert, I have described it already. We have the harbor. We have the wind. We have one of the driest places in the world. The sun is [shining] almost 365 days a year. And we identified a number of companies to be our partners. The big program is to produce the green hydrogen using solar power and wind power. Having enough space to develop it, developing the harbor in Luderitz, as well as in Walvis Bay to make sure that big ships will come, collect the green ammonia, green hydrogen, take it to Europe, use it for their industries, whether it's from trains to ships, to motor cars, to buses, to everything. That's what the big idea is, and we are very, very serious. We are training our young people to win bachelor's, and master's degrees, and PhD in that direction. And so far, we have been successful," he said.

Namibia has unique possibility to develop hydrogen energy: president

Namibia has unique possibility to develop hydrogen energy: president

Chinese stocks closed mixed on Wednesday, with the benchmark Shanghai Composite Index down 0.18 percent to 4,162.18 points.

The Shenzhen Component Index was flat, closing at 15,569.98 points.

The combined turnover of these two indices totaled 2.95 trillion yuan (about 431.3 billion U.S. dollars), up 67.2 billion yuan from the previous trading day.

Shares related to semiconductor and optical fiber sectors led the gains, while stocks in the power sector led the loses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.34 percent to close at 3,921.79 points.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 2.31 percent higher at 2,198.87 points.

Chinese shares close mixed Wednesday

Chinese shares close mixed Wednesday

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