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Kenya closer to regional power trade

Published on October 28, 2015

Kenya’s plans to buy electricity from Ethiopia have reached a critical stage, with the expected signing of a $231 million (Sh23.6 billion) agreement to start construction of transmission infrastructure.
The Kenya Transmission Company (Ketraco) will tomorrow ink a deal with the African Development Bank (AfDB), World Bank and French Development Agency (AFD), who will finance the project. A consortium of Siemens AG (Germany) and IsoluxIngeniera SA (Spain) will be the contractors. In 2011, Kenya, through electricity distributor Kenya Power, reached a deal with Ethiopia’s Electric Power Company (EEP) to import 400 megawatts of electricity to boost local capacity, which is below demand at just 2,298 MW. Read more. Source | Standard Digital