BELO ELECRIFICATION PROJECT- ATTRACTION TO MORE BUSINESSES
The Managing Director of Lesotho Electricity Company (LEC), Mr. Mohato Seleke says despite the company’s application tariff hike, there are efforts to reduce electricity prices to attract more business investments.
Mr. Seleke stated that during the electrification launch of Ha Belo factory shells in the Butha-Buthe district recently. He emphasized that that electricity is a catalyst to economic growth, hence, there are strong collaborative efforts between the government of Lesotho and LEC in ensuring that communities have access to electricity.
Echoing, the sentiments at the same occasion, the Prime Minister Dr. Moeketsi Majoro said many potential investors are keen to occupy the Belo factory shells because the place is closer to the boarder leading to the Durban sea port in South Africa, making it efficient and cost effective to export commodities.
The Prime Minister pleaded with the contractors and the surrounding community to work supportively in the interest of successful completion of the project.
The electrification project of Ha-Belo is estimated to cost M86 million and inclusive of electricity connection to at least 1200 surrounding households.