Africa50, an infrastructure investment platform in Africa and Power Grid Corporation of India, an Indian state-owned power generation company, signed a joint development agreement to launch Africa’s first power transmission PPP project in Kenya .
The project includes the development, financing, construction and operation of the 400 kV Lessos – Loosuk and 220 kV Kisumu – Musaga transmission lines under a public-private partnership (PPP). When completed, it will be the first independent electricity transmission network (IPT) in Kenya. And establish a benchmark in Africa as the first financing of transmission lines on a PPP basis.
Under the terms of the agreement, Power Grid, one of the world’s leading electric transmission utilities, will contribute technical and operational know-how to the project, while Africa50 will provide development expertise. and project financing.
“We are very pleased to partner with the Government of Kenya and Power Grid to implement this important and pioneering project in one of our shareholder countries. In recent years, emphasis has been placed on attracting private investment in power generation infrastructure to Africa. It is time to also focus on catalyzing private investments in the development of electricity transmission networks across Africa, ”commented Alain Ebobissé, CEO of Africa50.
Founded in 1991, Power Grid is one of the world’s largest transmission utilities. To date, the company has implemented around 172,000 km of EHV transmission line circuits.