Kenya Power revamp gets boost in Sh87bn State loan

Kenya Power technicians replace the wooden posts with the concrete ones along Nyerere Avenue in Mombasa. PHOTO | KEVIN ODIT | NMG

Kenya Power is one of the beneficiaries of an Sh86.95 billion State loan tapped from two international lenders in efforts to support the power utility’s turnaround.

Treasury documents tabled in Parliament show that Kenya tapped Sh60.29 billion ($520 million) from the International Development Agency (IDA) and Sh26.667 billion ($230 million) from International Bank for Reconstruction and Development (IBRD) on March 18.

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