AfDB approves USD 695,000 grant for Lesotho solar project


The African Development Bank (AfDB) has approved a USD 695,000 grant to NEO I SPV, a subsidiary of OnePower Lesotho Pty, to support the structuring of a 20 MW solar PV project and to lead it to bankability. The project is the first of its kind in Lesotho and will feed into the national grid in Mafeteng Province.

The project will contribute to the phase-out of costly power imports from Mozambique and reduce reliance on imported coal-generated power from South Africa.