Who wE ARE
With the blessing and endorsement of His Majesty King Letsie III of Lesotho, the HMKLIII Just Energy Transition (JET) Fund aims to make Lesotho the first carbon-neutral country in Africa.
To achieve this, the fund seeks to build a sustainable economy based on renewable energy, water security, and the sale of clean energy to South African mines. It is committed to ensuring a true Just Energy Transition by channeling the economic returns from the HMKLIII JET Fund's investments in Lesotho’s renewable energy projects into social development and landscape rehabilitation initiatives.
The fund will contribute to meaningful climate change mitigation and adaptation through: advancing Lesotho’s efforts to exceed its Nationally Determined Contributions (NDCs) under the Paris Agreement on Carbon Neutrality; establishing a 100% renewable energy sector that supports the Renoka program for the protection of the Maluti wetlands and rangelands; and diversifying Basotho incomes through a shift away from declining remittances from mineworkers and reliance on South African power.
A Timely Opportunity
The HMKLIII project is currently seeking catalytic funding to launch this project
Opportunities to completely redirect a country’s economic trajectory with a single, cohesive program are rare. We have such an opportunity with Lesotho’s HMKLIII Renewable Energy Programme. There is a narrow window of opportunity created by the South African power crisis. If we miss this chance, it is unlikely we will get a second one
The HMKLLIII JET Fund is private sector driven
The HMKLIII JET Fund has been established as a private sector-driven fund to aggregate concessional, grant and climate funding to co-invest in a national renewable energy programme...
Lesotho’s Strategic advantage
Lesotho is strategically positioned to take full advantage of South Africa’s power crisis Of the 11 South African Renewable Energy Development Zones (REDZs), only two are closer than Lesotho to...
Organizational and Project Structure
The HMKLIII project, under a highly skilled leadership team, offers a diversified investment portfolio that will also benefit a Social Development Trust
Meet the Renoka Imperative
The Renoka programme is directed to protecting the Lesotho’s wetlands, rangelands and dams while creating employment and a carbon economy...
Lesotho’s Strategic advantage
Our immediate intention is to connect into the South African Grid by building a transmission line... between Polihale Dam and Venus Substation in Kwa Zulu Natal, South Africa.
Eskom’s Primary Transmission Corridors skirt Lesotho
The country’s grid is established and easily upgradable to accommodate these projects
Our immediate intention is to connect into the South African Grid by building a transmission line...
