A US-based renewable energy company just signed a $6.2 billion agreement to build a massive hydropower plant and AI data center in one of Africa’s smallest countries.
Convalt Energy inked a Memorandum of Agreement with Lesotho’s Ministry of Energy on June 4, valued at 98 billion maloti (roughly $6.2 billion). The project, called the Kobong Hydropower and AI Data Centre Project, would be located in the Mokhotlong District and represents the largest foreign direct investment ever committed in Lesotho.
What the Kobong project actually involves
The centerpiece is a 1,200 MW hydropower facility. For Lesotho, which currently imports most of its electricity from South Africa, that kind of capacity is transformative.
The second component is an AI data center, which would be powered by the hydropower plant’s clean energy output.
