May 3

World Bank Lines up $300 Million Soft Loan for Kenya Power

By John Mutua

The World Bank will provide a Sh40.8 billion ($300 million) interest-free loan to Kenya Power to help the utility pay debts, revamp its ageing transmission network and expand the national grid.

Disclosures by the Bretton Woods institution show that the billions will be released through the Treasury under a seven-year programme dubbed Green and Resilient Expansion of Energy (Green).

Photo courtesy of Lukas Bato.

Source: Business Daily (link opens in a new window)

Energy, Technology
lending, renewable energy