World Bank approves $ 125 mm loan for reforms in Kenya's power sector
July 7, 1997 The World Bank has approved a $ 125 million credit for Kenya to back the government's reform in the
power sub-sector. The energy sector investment project, the total cost of which is estimated at some $ 1 billion, is
designed to result in the development of an efficient and viable energy sector to support the country's economic
growth. The project includes sector restructuring and reorganisation, legal and regulatory reforms for the power
sub-sector and facilitate private sector entry, power expansion and rehabilitation at least-cost, including two 75 MW
power plants in Mombassa, two 32 MW power plants at Olkaria and a 60 MW hydropower plant on the Sondu River.
The credit will be channelled through the International Development Association (IDA), the concessionary lending arm
of the World Bank. In addition to the IDA credit, the Commonwealth Development Corporation and the European
Investment Bank are also considering cofinancing the project.