PUBLIC
SERVICE CONCESSION OF LEC|
PRESS RELEASE PRIVATISATION UNIT 2nd Floor Lesotho Bank 1999 Mortage Division Bldg Private Bag A249 Maseru.100 Contact: Makalo Ntšasa Tel:22317902 Fax:22317551 E-mail: director@privatisation.gov.ls For immediate Release Tuesday, 4th November 2003 RESTRUCTURING OF LESOTHO ELECTRICITY CORPORATION THROUGH THE PUBLIC SERVICE CONCESSION APPROACH 1. The Government of Lesotho approved the new strategy of restructuring the Lesotho Electricity Corporation based on the “Public Service Concession” model in May 2003. A detailed draft Privatisation Scheme based on this approach is in the final stages of preparation before submission for Cabinet consideration. 2. The Public Service Concession approach involves setting up a successor company to LEC, LEC (Pty) Ltd, and vesting all existing assets of LEC and all transmission assets currently owned by LHDA in the new company. Initially, 100% of LEC (PTY) Ltd shares will be held by the Government of Lesotho. Subsequently the LEC (Pty) Ltd shareholding will be divested as follows: Sale of majority shares to a Concessionaire Strategic Utility Investor for a term of 15 to 20 years at the end of which the shares will be returned to the Government and re-bid through a competitive tender; The remaining shares to be retained by the Government or sold to LEC (Pty) Ltd employees and local investors. 3. The approval of the “Public Service Concession” strategy follows the Lesotho Utilities Sector Reform Project Supervisory mission from the World Bank that visited Lesotho in March 2003 in which it was agreed by both the Government of Lesotho and the mission that the “Public Service Concession” approach would be the most appropriate way to meet Government’s social and economic development’s targets. In addition, this approach would give Basotho additional comfort that they can maintain reasonable control of the country’s strategic electricity assets through a concessioning and re-bidding process. 4. LEC (Pty) will be granted an exclusive permanent concession licence to construct, expand, modify, maintain and operate the entire transmission and distribution system in a well defined territory and an obligation to retail electricity to consumers in the service territory. 5. The performance of LEC (PTY) Ltd shall be monitored by the newly established Lesotho Electricity Authority through predetermined performance indicators which include investment programme commitments; incremental number of connections; conformance with expansion plans and quality of service parameters. 6. In parallel with the restructuring of LEC, the Government will give priority to the implementation of rural electrification through development of a long term National Rural Electrification Programme financed through the National Rural Electrification Fund. Discussions to establish the Fund are already in progress by relevant stakeholders. TLHOPHO-BOCHA EA KOPORASI EA MOTLAKASE EA LESOTHO KA MOKHOA OA KHIRISO 1. ‘Muso oa Lesotho o ananatse mokhoa o mocha oa ho hlopha bocha Koporasi ea Motlakase ea Lesotho oa Khiriso ea Koporasi (Public Service Concession) ele ho hohela ramatsete ea tla hira Koporasi nako e teletsana ele ho anetsa litšebeletso tsa motlakase ho Basotho. Kananelo e fetisitsoe ka molao khoeling ea Motšeanong monongoaha. 2. Mokhoa ona oa khiriso ea Koporasi o kenyeletsa ho thehoa ha khoebo e ncha e tla bitsoa LEC (Pty) Ltd, ‘me thepa eohle ea LEC e kenyeletsang le ea Metsi a Lihlaba e tla fetela ka ho LEC (Pty) Ltd. Sethathong, liabo tsohle tsa tsa LEC (Pty) Ltd li tla ba matsohong a ‘Muso, ‘me liabo li tla aroloa ka mokhoa o latelang: Bongata ba liabo bo tla rekisetsoa Mohiri oa Koporasi nako ea lilemo tse isang ho mashome a mabeli ‘me kamorao ho moo, liabo li tla khutlela matsohong a ‘Muso ele ho tla rekisoa hape; Liabo tse setseng li tla ba botšoareling ba ‘Muso moo li tla rekisetsoa basebetsi ba Khoebo ea Motlakase le bo-ramatsete ba Basotho. 3. Kananelo ea Khiriso ea Koporasi e lateloa ke ketelo ea Moifo oa Banka ea Lefatše e shebaneng le Morero oa Tlhopho-Bocha malebana le Litšebeletso tsa Motlakase le Mehala Lesotho (Lesotho Utilities Sector Reform Project) ka khoeli ea Tlhakubele monongoaha. ‘Muso oa Lesotho moho le moifo oa Banka ea Lefatse li ile tsa fihlela qeto ea hore Khiriso ea Koporasi e tla tsoela Basotho molemo ka hore thepa e tla lula matsohong a Basotho ha moreki a tla tsetela ka hare ho Koporasi ele ho anetsa litšebeletso sechabeng. 4. Khoebo e ncha ea LEC (Pty) e tla fuoa boikarabelo ba ho anetsa le ho ho etsa litōkiso moo ho hlokahalang, ho fana ka litšebeletso tsohle tsa phepelo le thekiso ea motlakase libakeng tsohle tse oelang tlasa phepelo e khethetsoeng LEC (Pty) Ltd. 5. Litšebeletso tsa khoebo ea LEC (Pty) Ltd li tla lisoa ke Lekhotla la Bōlisa ba Litšebeletso tsa Motlakase Lesotho (Lesotho Electricity Authority) ele ho lekola mekolokotoane e kang ea matsete a sebelisoang ke Mohiri kanetsong ea motlakase; likhokelo tsa motlakase ka naha bophara; esita le boleng ba litšebeletsong tsa eona ka kakaretso. 6. Ele karolo ea ntšetso-pele ea morero oa kanetso ea phepelo ea motlakase kahare ho naha, ‘Muso o ntse o ntšetsa pele Morero oa Phepelo ea Motlakase Metse e Mahaeng ka letsete le tla theoa ‘me lipuisano li se li ntse li tsoela pele ka mafapha a amehang malebana le ho thehoa ha letsete leo. |
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