{"id":23393,"date":"2022-12-28T09:43:16","date_gmt":"2022-12-28T09:43:16","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray"},"modified":"2022-12-28T10:20:39","modified_gmt":"2022-12-28T10:20:39","slug":"frazer-solar-saga-sa-government-enters-the-fray","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray","title":{"rendered":"Frazer Solar saga: SA government enters the fray"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>The much-awaited hearing of the case between Lesotho government and German company, Frazer Solar GmbH, initially set for November 10 in South Africa has been postponed to a date yet to be announced.<\/p>\n

This comes after the South African government and its ministry of water filed an application to intervene in the case, the office of Prime Minister Dr Moeketsi Majoro said in a statement this week. On the other hand, Frazer Solar also released a statement continuing to beat legal war drums claiming Dr Majoro is capitulating.<\/p>\n

\u201cTo avoid losing, the Government of Lesotho has offered to delay proceedings in the South African High Court \u2013 suspending its demands to restore water royalties after their legal seizure by Frazer Solar (FSG),\u201d reads the media statement.<\/p>\n

\u201cWe have no difficulties with GOL\u2019s demand that the hearing be delayed and royalties remain frozen.<\/p>\n

In one fell swoop, they have undermined their own case for urgency and their allegedly dire need for the financial royalties,\u201d adds FSG in the statement.<\/p>\n

The statement ominously ends by asserting FSG will win the legal battle and that, \u201ceach day that goes by, the final amount payable by the Lesotho government keeps increasing.
\nFrazer Solar claims they signed an agreement in 2018 with Lesotho to provide as many as 40 000 solar water-heating systems, 20MW of solar photovoltaic capacity, one million LED lights and 350 000 solar lanterns.<\/p>\n

It then began legal action against Lesotho in 2019 after what it said were a series of contractual breaches. The German firm won arbitration proceeding in South Africa, in which it was awarded the damages, it said last month.<\/p>\n

It said while the German government agreed to finance the programme, Lesotho\u2019s ministry of finance failed to execute the project\u2019s financial arrangement and the Lesotho government had not engaged the legal process.<\/p>\n

The company said while an assessment of the damages it incurred amounted to \u20ac102 million it was awarded \u20ac50 million (about M856 million). Frazer Solar then attempted to seize Lesotho\u2019s assets abroad in order to enforce payment of \u20ac50m in contractual damages.<\/p>\n

It was reported at the time that they had already taken control of royalties that Lesotho earns on water and power supplies to South Africa, after a US court gave it the go-ahead last month to employ tactics similar to those used by creditors to chase countries that have defaulted on their debts.<\/p>\n

International asset seizures have increasingly become part of enforcing contracts against governments, including in Africa. In a statement at this time Frazer Solar said in August 2018, it met with then Prime Minister Tom Thabane and then Minister in the Prime Minister\u2019s Office, Temeki Ts\u030colo, to discuss a detailed presentation of the project and setting out the benefits, energy and cost savings it would bring about.<\/p>\n

In September 2018, according to the company, following negotiations, a written supply agreement was concluded, signed by Robert Frazer on behalf of Frazer Solar, and Minister Ts\u030colo on behalf of Lesotho.<\/p>\n

\u201cThe financing agreement with KFW would be finalised by the Minister of Finance,\u201d it said.<\/p>\n

It further indicated that in October 2018, it wrote to the Ministry of Finance to establish the reasons for the delay in finalising the finance agreements. It was told by the ministry that the project required cabinet support and leadership from the Ministry of Energy.<\/p>\n

\u201cHowever, this support had already been confirmed by the office of the Prime Minister, which could not explain the ministry\u2019s refusal to execute the financial agreement,\u201d Frazer Solar said.<\/p>\n

Following Dr Majoro\u2019s alleged refusal to approve the project, Frazer Solar said it was left with no choice but to commence arbitration proceedings in South Africa.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. The much-awaited hearing of the case between Lesotho government and German company, Frazer Solar GmbH, initially set for November 10 in South Africa has been postponed to a date yet to be announced. This comes after the South African government and its ministry of water filed an application to intervene in the […]<\/p>\n","protected":false},"author":84,"featured_media":23391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,246,424,245],"class_list":["post-23393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-lesotho","tag-government","tag-lesotho"],"yoast_head":"\nFrazer Solar saga: SA government enters the fray - Lesotho<\/title>\n<meta name=\"description\" content=\"The much-awaited hearing of the case between Lesotho government and German company, Frazer Solar GmbH, initially set for ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Frazer Solar saga: SA government enters the fray\" \/>\n<meta property=\"og:description\" content=\"The much-awaited hearing of the case between Lesotho government and German company, Frazer Solar GmbH, initially set for ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-28T09:43:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-28T10:20:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/12\/postQueueImg_1672208082.88.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Frazer Solar saga: SA government enters the fray\",\"datePublished\":\"2022-12-28T09:43:16+00:00\",\"dateModified\":\"2022-12-28T10:20:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray\"},\"wordCount\":626,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/12\/postQueueImg_1672208082.88.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"government\",\"Lesotho\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/frazer-solar-saga-sa-government-enters-the-fray\",\"name\":\"Frazer Solar saga: SA government enters the fray - 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