Saturday, October 30, 2010

Kenya receives sh.3.79 Billion to finance regional energy projects

Kenya has recently aquired  a 3.97billion loan form the African Development Bank. This is part of a regional grids of five countries.The five countries include Uganda, Burundi, DRC, Congo & Rwanda. Speaking during the signing ceremony, at The Treasury building, Finance minister Uhuru Kenyatta, said the project will enhance cross border sharing of electricity and development at low cost power resources. The loab deal was signed by AfDB representative: Mrs. Domina Buzingo.

This loan will facilitate:
  1. Upgrading of 769km of 220kV and 110kV Power lines.
  2. Construction & Reinforcement of 17 transformers to interconnect the grids of the Nile Equatorial Lake Countries.
  3. Construction of a 220kV double circuit transmission line from the border of Uganda to the substation at Lessos - which shall be expanded with additional transformers & switchgear
  4. Uganda - Rwanda interconnection, upgrading of the Burundi, DRC and Rwanda interconnection lines.
  5. Operational Costs.
One of the major potential sources of power is the Iinga Dam in DRC which has a potential of 40GW

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