Kenya Power and
Lighting Company “’ raises
US$120 million
towards upgrade of
national power grid
 
Nairobi, Kenya — ESI-AFRICA.COM — 23 March 2011 – Kenya Power & Lighting Company (KPLC) “’ the East African country’s sole electricity distributor “’ has announced that it is to spend US$16 million on improving voltage quality in the capital and surrounding areas.

“This is good news for manufacturers and commercial enterprises which have had to endure sagging voltages at times, thereby compromising quality of power, especially during evening peak time,” the company said in a statement here.

The voltage upgrade project, scheduled to be completed in June, entails installing capacitors at some of the company’s sub-stations in Nairobi. National Contracting Company of Saudi Arabia has been awarded the project, the statement added.

In January, KPLC revealed that it had raised US$120 in a sale of stock to existing shareholders where demand exceeded supply by 3.2%. The money raised would help finance government plans to invest US$500 million by 2014 to upgrade and expand its electricity grid in order to reduce power cuts, according to permanent secretary in the energy ministry Patrick Nyoike.