M a r k e t N e w s

Kenya Power thinks big on electricity access

Posted on : Tuesday, 19th August 2014


Ministry of Energy and Petroleum cabinet secretary Davis Chirchir has said that negotiations with the African Development Bank (AfDB) for a KSh60bn ($680m) loan for a project to expand access to electricity from 32% to 70% over five years are at an advanced stage and should be completed by December. Disbursement of the first Sh12bn instalment is anticipated in this financial year. Speaking at a media briefing for transmission and distribution company Kenya Power on 28 July, he said that, if successful, the project would take the number of electricity customers in Kenya from 2.8m currently to more than 8m by 2020.

Source : archive.crossborderinformation.com
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