NamPower has been rated for an investment grade for both national and foreign currency ratings. It was assigned a triple B plus (BBB+) and short term ‘F2 for national ratings and a triple BBB minus (BBB-) and short term ‘F3’ for foreign international investment ratings. This means that NamPower is a well-run company by national, regional, and international standards and therefore a preferred institution by financial institutions to lend or to invest. A credit rating is an expression of a company’s ability to meet its financial commitments timeously and attract investments. This rating makes NamPower the first company in Namibia to have an international rating, and the second power utility in Southern Africa only after Eskom. London-based company FITCH, one of 3 international rating agencies, conducted the rating. NamPower embarked on the credit rating to ascertain its credit worthiness in the market as part of its long-term funding strategy for much needed generation and transmission projects which amount to about N$6,7 billion during the next four years, the Kudu gas project. NamPower earned gross revenue of N$1,01 billion and a net income of N$89 million before tax during the 2004/5 financial year. At the annual general meeting held last week, NamPower declared a dividend of N$5 million