MOZAMBIQUE TO SUPPLY ELECTRICITY TO LESOTHO

Mozambique’s State-owned electricity company, EDM, and the Lesotho Electricity Company (LEC), have signed a memorandum (MoU) under which EDM will sell electricity to Lesotho beginning January 2017.

EDM chairperson Mateus Magala and the general manager of LEC, Tankiso Motsoika, signed the MoU here Tuesday for EDM to supply LEC with 90 megawatts (MW) from Jan 1, 2017. EDM should earn about 12 million US dollars a year from this sale.

Magala told reporters after the signing that the most important aspect was not the money “but the co-operation and partnership with our brothers in Lesotho”.

“More than just selling power, we are cultivating the level of trust between two neighbouring countries.We are looking for sustainable solutions so that we can bring energy to economies, because without energy there is no development.”

Motsoika said: “It’s a fair agreement. We are pleased and we shall continue to co-operate with Mozambique.”

The two countries have been co-operating in the field of energy since 2008, “and we’ve never had any problem”, he added. “All the contracts with EDM have been implemented successfully, since Mozambique knows how to do business.”

Source: NAM NEWS NETWORK