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Daily Newsletter

14 October 2024

Daily Newsletter

14 October 2024

Kenya’s KETRACO partners with Adani to boost electricity infrastructure

The $736m deal will fund new transmission lines and substations.

Umesh Ellichipuram October 14 2024

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.

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GlobalData's latest report provides a clear overview and detailed insight into the Wind Power market. The report offers historical (2015-2022) and forecast data (2023-2035) and analysis of wind power capacity and generation. Additionally, the market outlook covers the geo-political scenario, major active and upcoming plants, market size, and market drivers and challenges for twelve key wind power market countries.

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