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The Government of Lesotho
Established the Lesotho
Electricity Corporation under
the Lesotho Electricity Act 7
of 1969 and it operated as a
Government parastal through out
the years. The year 2006/07,
saw a drastic change in the
governance of the Corporation
with the establishment of the
electricity sector regulator,
Lesotho Electricity Authority
(LEA), it was imperative to
change the legal status of LEC
from that of Corporation
governed under the Electricity
Act 7 of 1969 to being a
Proprietary Limited Company,
governed under the Companies
Act of 1967. The Government of
Lesotho remains the sole
shareholder of the Lesotho
Electricity Company. This means
that in terms of the Lesotho
Electricity Company
(establishment and Vesting
Notice 219 of 2006) all assets,
liabilities, rights and
obligations of the Lesotho
Electricity Company, including
all rights in land, but
excluding the regulatory
functions of the said Company,
are deemed to vest in the
Lesotho Electricity Company (
Proprietary) Limited.
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