The power shortage in Kenya is set to ease following Tuesday’s move by the Cabinet to approve a major generation programme.
“In
this regard Cabinet forwards for parliamentary approval the
establishment of an escrow guarantee fund for semi-concessional loans
for external borrowing by KenGen and Kenya Electricity Transmission
Company from EIB and KFW to finance the additional power generation of
421 megawatts,” a statement issued by the Presidential Press Service said.