Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Thursday, July 3
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Business»KETRACO strikes $736 million agreement with Adani to develop Kenyan power infrastructure

    KETRACO strikes $736 million agreement with Adani to develop Kenyan power infrastructure

    0
    By Tapiwa Matthew Mutisi on October 14, 2024 Business, Deals, Electricity, Infrastructure, News, Projects

    The Kenya Electricity Transmission Company Limited (KETRACO) has entered into a partnership with Adani Energy Solutions, a subsidiary of the Indian conglomerate Adani Group, to construct transmission lines and substations in Kenya. This collaboration represents Kenya’s inaugural power project to be financed through a public-private partnership model.

    Adani Energy Solutions will be responsible for securing the necessary funding, comprising both debt and equity, which will be reimbursed over the duration of the 30-year project agreement. The project, with an estimated cost of KSh 95.68 billion (approximately $736 million), will be executed through a competitive bidding process overseen by both KETRACO and Adani.

    Opiyo Wandayi, Kenya’s Cabinet Secretary for Energy and Petroleum, described the agreement as a pivotal step in developing, financing, constructing, operating, and maintaining crucial transmission lines and substations throughout the country. He emphasized that the initiative is in line with the government’s objectives to broaden electricity access, reduce power outages and transmission inefficiencies, and ultimately bolster the nation’s energy infrastructure, thereby contributing to Kenya’s economic and social progress.

    The scope of the project includes the construction of a 400kV (Double-Circuit) transmission line stretching 208.73 km from Gilgil to Thika, Malaa, and Konza, along with new substations. Additionally, a 220kV line extending 99.98 km will be developed with substations at Rongai, Keringet, and Chemosit. The 132kV line, which will run for 89.88 km, will feature substations at Menengai, Ol Kalou, and Rumuruti. Further substations are planned to support the 400kV transmission network, which will enhance regional power stability and extend the local distribution grid.

    In a related development, Apeiro Ltd, a company linked to Adani, has recently joined forces with a Safaricom-led consortium to modernize Kenya’s healthcare system through the deployment of an Integrated Healthcare Information Technology System (IHTS). Kenya is currently addressing challenges with its power transmission system, including blackouts caused by new connections that have outpaced the necessary infrastructure upgrades, leading to capacity issues.

    The country is also making strides to attract skilled foreign workers, having introduced a digital nomad visa. Concurrently, internet services are expanding, with the launch of Starlink’s affordable plans in Kenya and Safaricom’s enhancements to its fibre internet speeds, alongside power-demanding projects like data centers. Moreover, Kenya is witnessing growth in off-grid initiatives, particularly in the electric vehicle (EV) sector. Chinese EV manufacturer Chery is investing $20 million in the local EV market, while solar startups such as d.light are seeking to expand their operations within the country.

    Kenya Approves Adani Energy’s $907 Million Power Transmission Project

    Related

    Adani Energy Solutions Adani Group Africa Business deals Electricity Infrastructure Investments Kenya Electricity Transmission Company Limited KETRACO Partnerships Power Generation Projects Technology
    Share. Facebook Twitter Pinterest LinkedIn Email
    Tapiwa Matthew Mutisi
    • Facebook
    • X (Twitter)
    • LinkedIn

    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

    Related Posts

    Okra CEO Fara Ashiru Jituboh Joins Kernel as Head of Engineering

    Nora Awolowo Makes History with Red Circle and Record-Breaking Box Office Debut

    Swedfund invests $10 million in Novastar’s Africa People + Planet Fund III

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.