Namibia Power Corporation (Proprietary) Limited is close to reaching a deal with Copperbelt Energy Corporation PLC (LUSE:CEC) (CEC) to take a 30% equity stake in its Kudu gas-to-power project (Kudu Plant), Paulus Shilamba, Managing Director of Namibia Power, said. As part of the deal, which is expected to be signed before the end of June, 2013, CEC will also buy 300 MW of electricity from the $1.2 billion plant to supply mines in the copper belt, he added. "CEC is also keen to take up minority equity shareholding in KuduPower," Shilamba told journalists at a briefing in Windhoek.