Kenyan Electricity Transmission Company (KETRACO) says it requires about US$5.5 billion to expand the country’s national electricity grid network so that Kenyans and other dependents within the East African enclave can have more access to electricity and evacuate more renewable energy.
KETRACO’s transmission master plan projects that Kenya needs an addition 7,500 circuit kilometers and associated substations.
Speaking at the just-ended Africa Energy Forum in Nairobi, Kenya, the Managing Director and CEO of KETRACO Dr. Eng. John M Mativo highlighted the state of the country’s electricity challenges and how to deal with them.
But he stressed that there is a lack of funds to undertake massive expansion and reinforcement of the grid. KETRACO projects a financing gap of about US$3.5 billion
To bridge this gap and achieve its mandate, Eng. John Mativo said the company is looking for Public-Private-Partnership (PPP) in the sector to supplement funds from development partners.
He said his outfit had proposed to present project development documents for its first PPP project to the PPP Committee for approval to allow financial closure in November2023. PPP investors will supplement the fast-tracking of grid expansion in the sector.
Eng. John Mativo stressed that should the private sector come in, it would quicken the pace of socio-economic development in Kenya to the next level and allow the country its plan to have 100% green power by 2030.
Source: https://energynewsafrica.com
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