Question – In January 2022, who has signed a joint development agreement with the All-Africa infrastructure investment platform ‘Africa 50’ to develop the Kenya transmission project on a public-private partnership basis?
(a) Power Grid Corporation of India Limited
(b) NTPC Limited
(c) Adani Power Limited
(d) NLC India Limited
Answer—(a)
Related facts—
- POWERGRID has recently(January 2022) signed a Joint Development Agreement with Africa50(an infrastructure investment platform), the pan-African infrastructure investment platform to continue to develop the Kenya Transmission Project on a ppp basis.
- Kisumu – Musaga transmission lines(KMTL) —
- The project entails the development, financing, construction, and operation of the 400kV Lessos – Loosuk and 220kV KMTL under a public-private partnership (PPP) framework.
- Significance —
- Once completed, it will be the first Independent Power Transmission(IPT) in Kenya and will set a reference point in Africa as the first financing of transmission lines on a PPP basis.
- It will also improve both the supply and reliability of power transmission in Western Kenya and further create a demonstration effect to help increase private sector investments into the expansion of Africa’s power transmission networks, which is critical to bridging the continent’s electricity access gap.
- Role of Powergrid —
- It will provide technical and operational know-how to the project, while Africa50 will bring its project development and finance expertise and will act as a bridge between the Kenyan government and private investors.
- This move underscores POWERGRID and Africa50’s commitment to continue to dedicate resources to accelerate development activities on the project until financial close.
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