Background

In 2014 KLPC raised the US$150 million of capital from commercial banks and development finance organisations.

Project

Kenya Power and Lighting Company was able to invest the 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.

Emerging Africa Infrastructure Fund provided a US$25 million 7-year  debt facility.

Impact

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.