Tan­za­nia re­ceives Sh26bn for power grid con­nec­tion with Kenya

The Star (Kenya) - - News Business -

REUTERS / Tan­za­nia has se­cured Sh26.21 bil­lion ($258.82 mil­lion) from the African De­vel­op­ment Bank and the Ja­pan In­ter­na­tional Co­op­er­a­tion Agency for a high volt­age elec­tric­ity line to con­nect its na­tional power grid to Kenya’s, power util­ity, it said on Sun­day. The 400 kilo­volt (kV) line will be com­pleted within two years and is part of ef­forts to deepen in­te­gra­tion be­tween the two coun­tries’ economies, Tan­za­nia’s TANESCO said in a state­ment on its web­site. Kenya, the East Africa’s big­gest econ­omy, has al­ready agreed to pay Sh5.11 bil­lion ($50.45 mil­lion) for work on the link on its side of the bor­der. Bouygues En­er­gies & Services, Kal­pataru Power Trans­mis­sion Ltd and En­er­goin­vest have been awarded con­tracts to build the line, TANESCO’s state­ment said.

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