Power Grid, Africa50 sign PPP Agreement for transmission projects in Kenya 
News Updates

Power Grid, Africa50 sign PPP agreement for transmission projects in Kenya

Power Grid has signed a PPP project agreement with Africa50 for the development of key power transmission infrastructure in Kenya

PSU Watch Bureau

New Delhi: Power Grid Corporation of India Limited (PGCIL) has signed a Public-Private Partnership (PPP) Project Agreement with Africa50 for the development of key power transmission infrastructure in Kenya, marking a significant milestone in cross-border power sector cooperation.

PSU Watch is now on Whatsapp Channels. Click here to join

Under the agreement, the two partners will develop the 400 kV Lessos–Loosuk transmission line and the 220 kV Kisumu–Kakamega–Musaga transmission system on a 30-year project term. The projects are aimed at strengthening Kenya’s electricity transmission network and improving power reliability in the region.

The signing ceremony was held in the presence of Power Grid Chairman and Managing Director (CMD) Dr R K Tyagi, Director (Personnel) Dr Yatindra Dwivedi, and Chief Operating Officer (International Business) Sanjay Kumar Gupta.

The project assumes special significance as it represents Africa’s first Independent Transmission Project (ITP) and also marks POWERGRID’s maiden project-financed international transmission venture. The initiative underscores POWERGRID’s growing international footprint and its capability to deliver large-scale transmission projects through innovative financing and partnership models.

Africa50 is a pan-African infrastructure investment platform that focuses on developing and investing in bankable infrastructure projects across the continent. The partnership with POWERGRID is expected to set a benchmark for future private sector participation in transmission infrastructure development in Africa.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

PSU banks, NBFCs have deployed Rs 16.92 lakh crore in renewable energy since FY14: MoS Naik

India must address structural challenges to achieve Viksit Bharat vision by 2047: WTO report

PFRDA opens on-tap licensing to onboard pension fund managers

NABARD sanctions Rs 15,056 cr for 6,175 rural infrastructure projects in Haryana

REC incorporates Dharashiv Power Transmission for 400 kV GIS switching station in Maharashtra