Astra Energy through its agent Aztec Management Consultants has inked a MOU with the Lesotho National Development Corporation to develop a 100 MW Clean and Renewable Energy Park in the country of Lesotho, South Africa. The company intends to own and operate the project as an independent power producer.
In Lesotho, The company intends to apply the same business model used for the 50-MW clean and renewable energy park being developed with Zanzibar Electricity Corporation, and the 350-MW combined cycle power plant in mainland Tanzania which is being developed with the Tanzania Electric Supply Company.
Additionally, the project will improve reliability of electricity delivery. Moreover, the project will also create both direct and indirect jobs and positively affect other sectors of the economy that primarily rely on a consistent and cost-effective supply of electric power.
