Petroleum Africa
Find us on: 
Thursday, November 20, 2014
Kenya Power secured a $190 million loan from Standard Chartered Bank to upgrade its transmission network. The funds will be used to make huge investments in the acquisition of additional transformers and other construction materials over the next year.
The company’s MD, Ben Chumo said in a statement, “These materials will be used to construct new substations and power lines while at the same time upgrading others to enhance capacity of the power network and improve quality and reliability of power supply to customers.”
Kenya’s energy infrastructure is aging and to meet the government’s goal of adding 5,000 MW of energy to its current 1,664 MW will require extensive updating.
Chumo said the upgraded network was expected to cater for an additional one million new customers including industrial, commercial, and domestic users.
" alt="Sintana to Expand Asset Base in Namibia with Acquisition">
" alt="Luanda Gives Afentra Nod for Azule Acquisition">
" alt="TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets">
" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">
" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">
" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">
" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">
" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">
