Excelsior Correspondent
GURUGRAM, Jan 12: 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 (PPP) 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. 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.
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, one of the world’s leading electric transmission utility companies 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, the Chairman and Managing Director K Sreekant said, “POWERGRID is pleased to partner with Africa50 in undertaking development of first PPP mode transmission project in Kenya. We hope 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”.
Commenting on the signing, the CEO of Africa50 Alain Ebobisse said, “In the past few years, a lot of emphasis has been placed on attracting private investments in energy production infrastructure in Africa. It is time to also focus on catalyzing private investment into the development of power transmission networks across Africa as these are a critical link to improving electricity access, especially in underserved communities”.
Follow our WhatsApp channel