Kenya: Energy, airport deal with indicted Indian investor scrapped - News Summed Up

Kenya: Energy, airport deal with indicted Indian investor scrapped


The firms expressed interest in constructing high voltage power transmission lines – (237kms from Africa50 and 388kms from Adani). Kenya: Energy officials to face national assembly following blackoutDeals had not yet been finalised – KetracoKetraco said it had not signed any contracts/agreements with the mentioned private companies. In explaining its decision to seek private investment, Ketraco said that Kenya is grappling with ageing transmission infrastructure and insufficient investment in power transmission. As such, the country needs a stable transmission infrastructure that will ensure an optimal balance between energy generation, transmission and distribution. Public debt has reached an all-time high due to external borrowing, creating a significant challenge for financing transmission infrastructure,” the utility explained.


Source: The North Africa Journal November 23, 2024 00:59 UTC



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