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Developers of Kenya’s first PPP power lines seek Sh34bn from banks
Ketraco is betting on PPP deals to bridge a financing gap of more than $4 billion (Sh516.8 billion) to upgrade the power transmission network over the next 20 years.
The developers of Kenya’s first public-private partnership (PPP)-funded power lines have approached three banks, including the African Development Bank (AfDB), for loans of up to Sh34 billion to finance the project.
Disclosures by the Kenya Electricity Transmission Company Limited (Ketraco) and the PPP Directorate show that the other two lenders approached to provide the loans are the Trade Development Bank (TDB) and the Dutch Entrepreneurial Bank (FMO).
