Kenya has taken a decisive step in addressing one of its most persistent power-sector constraints by signing a landmark public-private partnership between the Kenya Electricity Transmission Company (KETRACO), Africa50, and India’s Power Grid Corporation. The partnership will finance, build, and operate several major transmission lines, with an estimated investment value of about $311 million. While Kenya has long attracted private capital into generation, particularly renewables, this deal is notable because it extends private participation into the grid itself, a segment traditionally funded through sovereign borrowing and concessional finance.

 

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