Power Grid Corporation of India Limited (PowerGrid), an Indian state-owned electric utility company working under the power ministry, has signed an agreement with pan-African infrastructure investment platform Africa50 to develop a transmission project in east African country Kenya on a public-private partnership basis.
The project entails the development, financing, construction, and operation of the 400kV Lessos–Loosuk and 220kV Kisumu–Musaga transmission lines under a public-private partnership (PPP) framework. When completed, the project will be the first independent power transmission (IPT) in Kenya.
The project will improve both the supply and reliability of power transmission in Western Kenya.
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.
Signing on behalf of PowerGrid, chairman and managing director, K. Sreekant, said, ”Transmission plays an important role in bringing efficiency in the entire electricity supply chain. A robust transmission network not only imparts reliability and security to the electricity grid but also allows non-discriminatory access to buyers and sellers which spurs the competition that results in competitive electricity prices to the ultimate consumer.”
“PowerGrid hopes that the present transmission project in Kenya shall serve as a model for undertaking more such projects in Kenya as well as other African countries. PowerGrid, with its rich technical and managerial experience in undertaking transmission systems under PPP mode, shall be pleased to be associated in this journey.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.