CONTACT US

  eaif@ninetyone.com

  

Kenya Power and Lighting investment attracts commercial bank support

Kenya Power and Lighting Company was able to invest US$150 million upgrading, extending and maintaining its electricity transmission and distribution system. The company retails power to all sectors of the Kenyan economy and across the country.

October 2014

KLPC

Kenya
Kenya
Power
Power
Overall: US$ 150m
EAIF: US$ 25m

Among the main benefits of the investment will be fast-growing semi-urban areas brought on to mains electricity supply for the first time, a reduction in “technical” losses, fewer system failures, and overall a more reliable electricity system. Enhanced system performance and reliability will improve lives in many ways, help raise productivity in the private and public sectors and contribute towards greater confidence in the Kenyan economy among indigenous and foreign investors.

In 2014 KLPC raised the US$150 million of capital from commercial banks and development finance organisations, including Emerging Africa Infrastructure Fund, which provided a US$25 million 7-year corporate debt facility.

Applying for project support

If you are looking for debt finance for an infrastructure project in sub-Saharan Africa please talk to us.

EAIF mainly supports private sector infrastructure projects to create new or expand existing facilities. We welcome enquiries from companies in Africa and worldwide that want to grow their businesses in sub-Saharan Africa and share our commitment to the continent and its peoples. Enquiries are also welcome from  financial advisers and specialist consultants.