Kenya Inks $311 Million Deal to Fix Power Grid

Kenya has signed a major deal to upgrade its national electricity network. The agreement aims to end frequent blackouts and support economic growth. The Kenya Electricity Transmission Company (Ketraco) will work with private investors. The consortium includes Africa50, an infrastructure fund, and India's Power Grid Corporation. The project is worth 40.4 billion Kenyan shillings, or about $311 million. It is structured as a Public-Private Partnership (PPP). This means private companies will help fund and manage the project. The plan focuses on expanding and modernizing Kenya's power transmission lines. A more reliable grid is crucial for connecting new energy sources, like wind and solar power, to homes and businesses. Officials state this upgrade is a key step in solving Kenya's electricity challenges and powering its future development.