KETRACO and Adani sign $736 M deal
KETRACO has signed a deal with Adani Energy Solutions to develop transmission lines and substations.
Image for illustration purposes.
Kenya, Nairobi: The Kenya Electricity Transmission Company Limited (KETRACO) has signed a deal with Adani Energy Solutions, the power subsidiary of India’s Adani Group, to develop transmission lines and substations. The deal is said to be Kenya’s first public-private partnership-funded power project and will have Adani raise the funding in the form of debt and equity, to be repaid over the 30 years of the project agreement.
The project is expected to cost KSh 95.68 billion ($736 million). It will be implemented through a competitive bidding process by KETRACO and Adani. The deal aligns with the government’s goal of increasing access to electricity nationwide and reducing blackouts and transmission losses and should strengthen Kenya’s energy infrastructure and contribute to its economic and social transformation.
This project covers the development of a 400 kV double-circuit Gilgil-Thika-Malaa-Konza Line, spanning 208.73 km, and will include substations. A 220 kV line covering 99.98 km will include substations in three locations: Rongai, Keringet, and Chemosit. The 132 kV line, covering 89.88 km, will have substations at Menengai, Ol Kalou, and Rumuruti. More substations will also be constructed to support the 400 kV transmission network, boost regional power stability, and expand the distribution grid.
Source: Techpoint Africa
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