Why Kenya Power-Ketraco Sh20b assets transfer deal may be off

 The planned overhaul of the electricity distributor mooted in May will see it surrender its transmission lines to its sister State-owned agency. [iStockphoto]

The plans to transfer some of Kenya Power’s assets to the Kenya Electricity Transmission Company (Ketraco) may have been overtaken by events and may no longer be necessary. 

In a 2023 deal that had been okayed by the Cabinet, the firm was expected to transfer transmission lines that were estimated to be worth Sh20 billion to Ketraco.

The exact value of the infrastructure was, however, set to be ascertained by a valuation that is still a work in progress.