Power Grid Corporation Establishes SPV for Kenya Transmission Project under PPP Framework
Power Grid Corporation of India Ltd has successfully incorporated a Special Purpose Vehicle (SPV) in Kenya to implement the Kenya Transmission Public Private Partnership (PPP) Project. The new entity is named MWANGA TRANSMISSION COMPANY LIMITED, operating as a Private Limited Company under the Companies Act, 2015 of Kenya. The Certificate of Incorporation for the SPV was issued by the Registrar of Companies, Kenya, on April 21, 2026.The establishment of the SPV follows a Project Agreement executed with Kenya Electricity Transmission Company Limited (KETRACO). This agreement mandates the implementation of the Kenya Independent Power Transmission Project under the Public Private Partnership framework.
The venture is a joint promotion between Power Grid Corporation of India Ltd and Africa50. The equity structure of the MWANGA TRANSMISSION COMPANY LIMITED in the SPV is allocated as follows:
| Promoter | Equity Stake |
|---|---|
| Power Grid Corporation of India Ltd | 40 percent |
| Africa50 | 60 percent |
This strategic investment facilitates the crucial transmission infrastructure development in Kenya, strengthening regional energy connectivity through a structured PPP model.
POWERGRID Stock Price Movement
Today, Power Grid Corporation of India Limited shares edged higher, settling at ₹319.75 after gaining 0.16% in late trading. The stock posted a total volume of 7.11 million shares, continuing to trade strongly near its 52-week high of ₹323.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.