African Development Bank Funds Solar Project for Lesotho

POWER generation in Lesotho is set for a major boost after the African Development Bank (AfDB) approved a US$ 695 500 (M9.1 million) grant towards the development of 20 megawatt (MW) solar Photo Voltaic (PV) plant, the first utility-scale solar PV project in the country.

NEO I SPV Pty Ltd, a subsidiary of OnePower Lesotho Pty Ltd was recently awarded the multi-million maloti grant towards the development of the plant which is expected to feed at least 13 percent of the country's electric power demands into the national grid in the district of Mafeteng.

This will result in greater national independence in power supply and savings on the import bill through a gradual phase-out of power imports from Mozambique and a reduction of coal-generated power imports from South Africa.

Kimco Realty


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