Kenya Power receives Shs.17 billion loan

Posted on : Tuesday, 6th January 2015

National electricity distributor, Kenya Power, has contracted a USD190 million (Shs.17 billion) long-term loan from the Standard Chartered Bank (SCB) to implement infrastructural development projects.

Kenya Power’s Managing Director and CEO, Dr. Ben Chumo, said SCB emerged successful in an exercise carried out by the Company towards the end of last year through an Expression of Interest involving local and international financial institutions for debt tenors of between seven and ten years.