The Kenya Electricity Transmission Company (KETRACO) and Indian conglomerate Adani Energy Solutions Ltd have signed a KSh 95.7 billion deal.
In the deal, Energy Cabinet Secretary Opiyo Wandayi said Adani will operate and maintain transmission lines and substations in a move aimed at curbing power blackouts.
“This agreement marks the beginning of a transformative initiative to develop, finance, construct, operate, and maintain key transmission lines and substations across Kenya," said Wandayi.According to the project agreement seen by TUKIO.co.ke, Adani will raise all the KSh 95.7 billion funding in the form of debt and equity that will be repaid over 30 years.
The deal will prioritise the execution of the following projects:
400kV (Double-Circuit) Gilgil-Thika-Malaa-Konza Line
220kV Rongai-Keringet-Chemosit Line
132kV Menengai-Ol Kalou-Rumuruti Line
400/220kV Substation at Lessos
132/33kV Substation at Thurdibuoro