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A joint development agreement was signed between Power Grid Corporation of India Limited and Africa50, the pan-African infrastructure investment platform to continue to develop the Kenya Transmission Project through Public Private Partnership.

About the Project:

• The project involves the development, financing, construction and operation of transmission lines.
• Followed by its completion, the project will be Kenya’s first Independent Power Transmission and will set a reference point in Africa as the first financing of transmission lines on a PPP basis.
• The technical operational support would be provided by POWERGRID which is one of the world’s leading electric transmission utility companies.
• Africa50 will assist the project by bringing its expertise on development and finance bridging the gap between the Kenyan government and private investors.

About Africa50

It is an infrastructure investment platform that contributes to Africa’s economic growth by developing and investing in bankable infrastructure projects, catalysing public sector capital and mobilising private sector funding.