Project Update22 Apr 2026, 10:23 pm
Power Grid & Africa50 Incorporate SPV for Kenya Project
AI Summary
Power Grid Corporation of India Ltd (POWERGRID) and Africa50 have jointly incorporated a Special Purpose Vehicle (SPV), MWANGA TRANSMISSION COMPANY LIMITED, in Kenya. This SPV will implement the Kenya Transmission PPP Project under an agreement with Kenya Electricity Transmission Company Limited (KETRACO). POWERGRID holds 40% equity, while Africa50 holds 60% equity in the SPV.
Key Highlights
- POWERGRID and Africa50 establish SPV in Kenya for transmission project.
- SPV named MWANGA TRANSMISSION COMPANY LIMITED.
- POWERGRID holds 40% equity in the SPV.
- Africa50 holds 60% equity in the SPV.
- Project agreement executed with KETRACO for implementation.