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Thursday, September 29, 2016
The Kenya Electricity Transmission Company (Ketraco) is looking for funds from the private sector to boost its ability to deliver power. The company said it was looking to $5.9 billion to build the 18,300 km of high voltage power lines it requires by 2030, according to a Daily Nation report.
Joseph Njoroge, energy and petroleum permanent secretary, revealed the development during an event focused on aiding Kenya in assessing the best model for implementing Public Private Partnerships (PPPs) in the electricity transmission sub-sector. It is expected that Kenya will see guidelines on PPPs drafted by Q1 2017 to accommodate private investors.
Ketraco is planning to hire a consultant to assess some of the pilot projects to be given priority under the financing model.
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