Kenya Power is set to transfer all its transmission assets to the Kenya Electricity Transmission Company (Ketraco) by December 2024 as part of the measures to return the utility to profitability.
The Treasury disclosed to the International Monetary Fund (IMF) that Kenya Power, in which the State has a 50.1 percent stake, will relinquish its transmission assets to the fully State-owned Ketraco to offset its debts to the latter and the government.
“In line with the Action Plan, KPLC will by the end of December 2024, transfer all transmission assets/lines to Kenya Electricity Transmission Company and pay through the use of on-lent loans from the government upon valuation,” the Treasury told the IMF.
