Insta
Power Grid Corporation Of India To Develop Africa's First Transmission PPP Project In Kenya
Swarajya Staff
Jan 13, 2022, 08:38 AM | Updated 08:40 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Power Grid Corporation of India Limited (POWERGRID) has signed a Joint Development Agreement with Africa50, the pan-African infrastructure investment platform, to continue to develop the Kenya Transmission Project on a public-private partnership basis, an official release said on Wednesday (12 January).
The project entails the development, financing, construction, and operation of the 400 kV Lessos–Loosuk and 220 kV Kisumu–Musaga transmission lines under a public-private partnership (PPP) framework.
"Once completed, the project will be the first Independent Power Transmission (IPT) in Kenya and will set a reference point in Africa as the first financing of transmission lines on a PPP basis," the Ministry of Power said in a release.
This project will also improve both the supply and reliability of power transmission in Western Kenya and further create a demonstration effect to help increase private sector investments into the expansion of Africa’s power transmission networks, which is critical to bridging the continent’s electricity access gap.
In this development partnership, POWERGRID will provide technical and operational know-how to the project, while Africa50 will bring its project development and finance expertise and will act as a bridge between the Kenyan government and private investors.
The signing of this agreement underscores POWERGRID and Africa50’s commitment to continue to dedicate resources to accelerate development activities on the project until financial close, the ministry said.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.