Kenya Power workers in Nyeri town: The firm says it has secured Sh42
billion from donors to connect a million households to the national
grid. PHOTO | FILE
By OTIATO GUGUYU, dotiato@nationmedia.com
Electricity distribution company Kenya Power
says the government has already locked in Sh42 billion from donors to
connect a million households to the national grid under the last mile
project.
An additional Sh13 billion is set to be secured this month subject to board approvals from respective donors.
In a report tabled at the National Assembly Energy
committee on Tuesday, the NSE-listed power firm said that the African
Development Bank (AfDB) had already given funds for the first phase.
The initial phase of the project targeting 314,200
homes, jointly financed by the Kenya government and AfDB, is expected to
cost Sh13.5 billion.
World Bank, through the International Development
Association (IDA), has provided Sh15 billion under the Kenya
Electrification Modernization Project to light up more than 300,000
homes.
The boards of French funded Agencie Francaise
Development (AFD) and the European Union (EU) have also approved Sh12
billion funding to connect an additional 230,000 customers.
“The AFD board approved its portion in December
2015 while EU board’s approval was granted in January 2016. Next step is
the signing of the loan agreement which is expected in April 2016,” the
report read.
The European Investment Bank is expected to review a
request for Sh8 billion (70 million euros) mid this year according to
Kenya Power.
If approved, an additional 149,250 households will get access to electricity.
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