How much does Lesotho government contribute to solar power project?

Lesotho Government Contribution to this project is estimated at M220 million which will cover the costs of land compensations valued around M57 million, Tax obligations as well as operating costs of Lesotho Electricity Generation Company (LEGCO). The government is implementing 70MW solar electricity generation project at Ramarothole in Mafeteng.

Who financed 30MW solar project in Lesotho?

A Chinese based contractor SINOMA-TBEA Consortium has been engaged to construct the 30MW solar project. The project is under the direct supervision of Lesotho Electricity Generation Company (LEGCO). Phase I (30MW) of the project is financed by a soft loan from EXIM Bank of China with total contribution of USD 70.188 million.

How did Frazer solar Help Lesotho?

Imported electricity comprised 41% of volume and 86% of cost. This put enormous pressure onto the Government of Lesotho and the state owned Lesotho Electricity Company (LEC). Frazer Solar developed a mutlifaceted project that would dramatically improve the situation by reducing electricity imports.

What is ramarothole solar power project in Lesotho?

The project will be under the direct supervision of Lesotho Electricity Generation Company (LEGCO). The 70MW Ramarothole solar power project is planned to be implemented and built in two phases: Phase I: 30MWp with construction period of 18 months and Phase II: 40MWp to be completed in 2030.

Does Lesotho rely on imported electricity?

The southern African nation of Lesotho is heavily reliant on imported electricity from neighbouring countries. Imported electricity comprised 41% of volume and 86% of cost. This put enormous pressure onto the Government of Lesotho and the state owned Lesotho Electricity Company (LEC).

When will ramarothole solar power project be completed?

The 70MW Ramarothole solar power project is planned to be implemented and built in two phases: Phase I: 30MWp with construction period of 18 months and Phase II: 40MWp to be completed in 2030. The country is currently implementing Phase I of the project which is envisaged to be completed in 2023.