The Kenya Electricity Transmission Company (Ketraco) has revealed that it is in talks with commercial banks and pension funds, targeting at least Sh6.5 billion annually over the next 17 years as part of a strategy to wean itself from reliance on erratic Exchequer cash.
This means that Ketraco hopes to borrow Sh110.5 billion from banks and pension funds over the period to help tackle funding gaps, which have hindered plans to upgrade and expand the electricity transmission infrastructure.
