{"id":467541,"date":"2019-12-04T10:38:05","date_gmt":"2019-12-04T09:38:05","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=467541"},"modified":"2019-12-04T10:38:05","modified_gmt":"2019-12-04T09:38:05","slug":"africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/12\/04\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\/","title":{"rendered":"Africa50 Signs Cooperation Agreement with POWERGRID to Develop Power Transmission Lines in Kenya"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Africa50 and Power Grid Corporation of India Limited (POWERGRID) signed a Cooperation Agreement to partner towards the development, finance, construction and operation of power transmission lines in Kenya. This partnership will catalyze project development for the initial set of pilot projects based on a bankable public private partnership (PPP) model in line with the Government of Kenya\u2019s vision to meet the demands for electricity access in the country.<\/p>\n<p>The Agreement was signed at the Africa50 headquarters in Casablanca, Morocco by the two heads of institutions. Mr. Shri K. Sreekant, Chairman and Managing Director of Powergrid Corporation of India, said that: \u201cPOWERGRID is happy to partner with Africa50 for evaluating the opportunities for strengthening the transmission infrastructure in Kenya. POWERGRID is confident that its technical and operational expertise in high voltage transmission, combined with the project structuring and financing expertise of Africa50, can deliver long term sustainable value to Kenya and other African nations.\u201d<\/p>\n<p>Speaking on behalf Africa50, its Chief Executive Officer, Mr. Alain Ebobisse expressed that, \u201cAfrica\u2019s transmission infrastructure needs can no longer be met by public funding alone. The right frameworks need to be created and bankable precedents set for the use of private sector capital and expertise to complement government spending. He further stated, \u201cWe are excited to collaborate with a strong partner such as POWERGRID, who bring great value with their complementary technical expertise in the transmission sector.\u2019<\/p>\n<p><strong>About POWERGRID Corporation<\/strong><\/p>\n<p>POWERGRID is the Central Transmission Utility of India and a listed company headquartered in Gurugram, India. POWERGRID transmits about 50% of the total power generated in India on its transmission network transforming businesses, economies, and livelihoods. The company owns and operates about 161,490km of transmission lines, 248 sub-stations and has a transformation capacity of about 393,825 MVA.<\/p>\n<p><strong>About Africa50<\/strong><\/p>\n<p>Africa50 is an infrastructure investment platform that contributes to Africa&#8217;s growth by developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact. Africa50\u2019s investor base is currently composed of 28 African countries, the African Development Bank, the Central Bank of West African States (BCEAO) and Bank Al-Maghrib.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Africa50 and Power Grid Corporation of India Limited (POWERGRID) signed a Cooperation Agreement to partner towards the development, finance, construction and operation of power transmission lines in Kenya. This partnership will catalyze project development for the initial set of pilot projects based on a bankable public private partnership (PPP) model in line with the Government<\/p>\n","protected":false},"author":536282,"featured_media":467542,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12046,12065],"tags":[15169,53],"class_list":{"0":"post-467541","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-leaders-en","8":"category-press-releases","9":"tag-africa50","10":"tag-kenya","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Africa50 Signs Cooperation Agreement with POWERGRID to Develop Power Transmission Lines in Kenya - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2019\/12\/04\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-04T09:38:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2019\/12\/unnamed.png\" \/>\n\t<meta property=\"og:image:width\" content=\"975\" \/>\n\t<meta property=\"og:image:height\" content=\"732\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/12\\\/04\\\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/12\\\/04\\\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"Africa50 Signs Cooperation Agreement with POWERGRID to Develop Power Transmission Lines in Kenya\",\"datePublished\":\"2019-12-04T09:38:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/12\\\/04\\\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\\\/\"},\"wordCount\":364,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/12\\\/04\\\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/unnamed.png\",\"keywords\":[\"Africa50\",\"Kenya\"],\"articleSection\":[\"Leaders\",\"Press releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/12\\\/04\\\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/12\\\/04\\\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/12\\\/04\\\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\\\/\",\"name\":\"Africa50 Signs Cooperation Agreement with POWERGRID to Develop Power Transmission Lines in Kenya - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/12\\\/04\\\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2019\\\/12\\\/04\\\/africa50-signs-cooperation-agreement-with-powergrid-to-develop-power-transmission-lines-in-kenya\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/unnamed.png\",\"datePublished\":\"2019-12-04T09:38:05+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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