Lesotho Greenlights Major Hydropower and AI Data Center Initiative with US$6.2 Billion Investment

Lesotho has given the green light to the Kobong Project, a monumental US$6.2 billion investment in hydropower and an artificial intelligence data center, backed by U.S.-based Convalt. This initiative is touted by the government as the largest foreign investment in the nation's history, signaling a significant shift towards large-scale infrastructure development.

The project was formally unveiled at a U.S. Embassy event in Maseru, attended by high-ranking government officials and diplomats, underscoring a new era of commercial partnership between the U.S. and Lesotho. U.S. Charg

Convalt's CEO, Hari Achuthan, emphasized that the project aims to generate employment, cultivate local expertise, and spur long-term economic expansion. Beyond its economic benefits, the Kobong Project is designed to bolster both Lesotho's energy independence and digital capabilities. It is anticipated to transform the country into a net electricity exporter and a regional hub for AI-driven digital infrastructure, leveraging Lesotho's favorable climate and stable governance.