Africa-Press – Lesotho. Scatec has entered an agreement with the Lesotho Electricity Company and the Government of Lesotho to build the country’s first IPP solar project of 20MW.
The Power Purchase Agreement, and Connection Agreement and Implementation Agreement were signed at an official ceremony in Lesotho capital Maseru last week.
The project will be funded by the Renewable Energy Performance Platform (REPP) and equity co-sponsors Scatec, Norfund, One Power Lesotho, Izuba Energy and the Lesotho Pension Fund. Have you read? Lesotho Electricity Company plans to replace aging substations
Scatec general manager for sub-Sahara Africa, Jan Fourie, said: “We are proud to be the first IPP to develop a solar project in Lesotho, an important step for Scatec in the country.
“The Southern African region is a key market for Scatec, and a region with great potential for the development of affordable clean energy.
Scatec is the leading solar IPP in the region, and we look forward to expanding our footprint and developing more renewable energy in the years to come.
Scatec will build, operate and majority own the facility under a 25-year Power Purchase Agreement with financial close expected early next year [2022].
Lesotho relies mostly on hydropower but is not energy secure and energy access rates are low. Only around 6% of rural households are connected to the grid.
It imports electricity from Mozambique and South Africa during peak demand times as it forms part of the Southern African Power Pool. Have you read? Scatec awarded RMIPPP preferred bidder status for 150MW
Scatec is a renewable energy power producer in South Africa with 448MW solar power projects in operation under the auspices of the country’s Renewable Energy Independent Power Producers Procurement Programme (REIPPPP).
They have also been awarded preferred bidder status on three projects under South Africa’s Risk Mitigation Independent Power Producers Procurement Programme (RMIPPPP) of 540MW solar power plus 225MW/1,140MWh battery storage.
For More News And Analysis About Lesotho Follow Africa-Press
