Thursday, October 17, 2024

Kenya’s KETRACO partners with Adani to boost electricity infrastructure

Must read

The Kenya Electricity Transmission Company (KETRACO) has entered a strategic partnership with Adani Energy Solutions to bolster electricity infrastructure in Kenya, ANI has reported.

Three transmission lines and two substations are to be developed by Adani Energy, which will also be responsible for the operation and maintenance of the transmission lines throughout the three-decade agreement period.

The project and all its infrastructure will then be transferred to KETRACO.

This collaboration will significantly enhance Kenya’s national grid with an investment of $736m, strengthening the country’s power supply network.

Kenyan Cabinet Secretary for Energy and Petroleum Opiyo Wandayi explained that the infrastructure project is designed to enhance the country’s national electricity infrastructure, while ensuring reliable access to power.

Wandayi stated: “This agreement marks the beginning of a transformative initiative to develop, finance, construct, operate and maintain key transmission lines and substations across Kenya. The move will support Kenya’s growing economy and development goals.”

The Kenyan government has given assurances that it will not bear financial burdens for the project’s execution.

The cost will be finalised through a competitive bidding process, which aims to focus on local content and create business opportunities for Kenyans.

In September 2024, Kenya Electricity Transmission formed a public-private partnership with Adani Group and Africa50, an infrastructure investment platform backed by the African Development Bank.

David Ndii, chief economic adviser to President William Ruto of Kenya, confirmed that the concession to construct power transmission lines has been awarded.

The partnership, worth $1.3bn, will strengthen the country’s power transmission infrastructure and distribution network.

“Kenya’s KETRACO partners with Adani to boost electricity infrastructure” was originally created and published by Power Technology, a GlobalData owned brand.

 


The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Latest article