{"id":3050,"date":"2021-09-07T08:28:32","date_gmt":"2021-09-07T08:28:32","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/ida-commits-m700m-to-electricity-lesotho"},"modified":"2021-09-07T08:28:32","modified_gmt":"2021-09-07T08:28:32","slug":"ida-commits-m700m-to-electricity-lesotho","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/ida-commits-m700m-to-electricity-lesotho","title":{"rendered":"IDA commits M700m to electricity Lesotho"},"content":{"rendered":"

Africa-Press<\/a> – Lesotho<\/a>. <\/strong><\/span>Thousands of Basotho living in rural and peri-urban areas will have better access to reliable and affordable electricity as a result of US$40 million (about M560 million) new funding from the International Development Association (IDA) and an additional $12.9 million (about M180 million) from the Scaling Up Renewable Energy Programme (SREP) for the country\u2019s energy sector, the World Bank said.<\/p>\n

The Lesotho Renewable Energy and Energy Access Project, which is largely targeted at people living in remote areas, aims to expand access to electricity to diverse consumers with varied needs, including households, rural communities and in the outskirts of urban areas, small and medium enterprises and economic centres that are both on and off the grid.<\/p>\n

The project will also provide technical assistance to build capacity for both the public and private sectors to ensure sustainable provision of electricity in Lesotho. This project will give impetus to Lesotho towards Sustainable Development Goals 7 aimed at providing affordable and clean energy.<\/p>\n

World Bank Country Director for Lesotho, Botswana and eSwatini Marie Francoise said through this project, the Bank will assist Lesotho towards achieving its goal of providing universal access and affordable energy in a sustainable manner, while helping improve the lives of Basotho, particularly families in the hard-to-reach rural areas and peri-urban areas.<\/p>\n

\u201cThis is in line with the Lesotho National Strategic Development Plan and the World Bank Group twin goals of reducing extreme poverty and promoting shared prosperity.<\/p>\n

\u201cThe project will create the conditions for more effective service delivery in remote areas and will contribute to creating an enabling environment for economic activity that will foster job creation for the youth through the participation of the private sector in the delivery of on and off the grid energy.<\/p>\n

\u201cIt will support upgrading of the Lesotho Electricity Corporation (LEC)\u2019s hydro-based mini-grid in the remote village of Semongkong to provide additional connections to both household and commercial customers, as well as metering solutions for new and existing customers.<\/p>\n

\u201cIt will also support grid extensions to commercial and industrial consumers located in the economic zones of Lesotho,\u201d she said. She further noted that the project will facilitate the electrification of areas where supply through mini-grids would be the least-cost option.<\/p>\n

She said in particular, the project will strengthen the legal and regulatory framework for the deployment of mini-grids and will help finance the construction of mini-grid infrastructure to provide electricity services to new users in up to 40 communities.<\/p>\n

The World Bank\u2019s International Development Association (IDA), established in 1960 helps the world\u2019s poorest countries by providing grants and low to zero-interest loans for project and programmes that boost economic growth, reduce poverty and improve poor people\u2019s lives.<\/p>\n

IDA is one of the largest sources of assistance for the world\u2019s 77 poorest countries, 39 of which are in Africa. Resources from IDA bring positive change to 1.3 billion people who live in IDA countries.<\/p>\n

Since 1960, IDA has supported development work in 112 countries. Annual commitments have averaged about US$19 billion (about M266 billion) over the last three years, with about 50 percent going to Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. Thousands of Basotho living in rural and peri-urban areas will have better access to reliable and affordable electricity as a result of US$40 million (about M560 million) new funding from the International Development Association (IDA) and an additional $12.9 million (about M180 million) from the Scaling Up Renewable Energy Programme (SREP) for […]<\/p>\n","protected":false},"author":84,"featured_media":3049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,6,8,16],"tags":[233,246,445,245],"class_list":["post-3050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-ida","tag-lesotho"],"yoast_head":"\nIDA commits M700m to electricity Lesotho - Lesotho<\/title>\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\/ida-commits-m700m-to-electricity-lesotho\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDA commits M700m to electricity Lesotho\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Lesotho. Thousands of Basotho living in rural and peri-urban areas will have better access to reliable and affordable electricity as a result of US$40 million (about M560 million) new funding from the International Development Association (IDA) and an additional $12.9 million (about M180 million) from the Scaling Up Renewable Energy Programme (SREP) for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/ida-commits-m700m-to-electricity-lesotho\" \/>\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=\"2021-09-07T08:28:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2021\/09\/img-61372832f384a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"408\" \/>\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\/ida-commits-m700m-to-electricity-lesotho#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/ida-commits-m700m-to-electricity-lesotho\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IDA commits M700m to electricity Lesotho\",\"datePublished\":\"2021-09-07T08:28:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/ida-commits-m700m-to-electricity-lesotho\"},\"wordCount\":518,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/ida-commits-m700m-to-electricity-lesotho#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2021\/09\/img-61372832f384a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"IDA\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/ida-commits-m700m-to-electricity-lesotho#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/ida-commits-m700m-to-electricity-lesotho\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/ida-commits-m700m-to-electricity-lesotho\",\"name\":\"IDA commits M700m to electricity Lesotho - 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