Kenya is negotiating a Sh60 billion loan from the
Chirchir was speaking during a media briefing at
He said the money will used to take electricity closer to potential electricity users and increase number of customers from the current 2.8 million to approximately eight million in five years.
"Even as we speed up generation projects that will inject 5,000 megawatts of additional electricity capacity, I am glad that Kenya Power is working hard to upgrade the transmission and distribution systems in readiness to evacuate the power to consumers in an efficient manner," he said.
Speaking at the event, Kenya Power Managing Director & CEO,
Reduction in power supply interruptions will also translate to better unit sales for
Most Popular Stories
- Cape Cod Building Mussel Industry
- Hollywood Eager to Grasp Hispanic Market
- Frightfully Fun Films Return for Halloween
- Sears Denies Store Closings, Layoffs Report
- Microsoft Beats Income Expectations
- Cloud Lifts Microsoft's Quarterly Results
- Would Soccer Be Richer Without Small Clubs?
- Pfizer Approves $11 Billion Buyback Plan
- IS Funded by Black Market Oil Sales, Racketeering
- Weekly Jobless Claims Rise but Remain Low