By establishing a new company in Kenya, Power Grid Corporation of India Limited has significantly increased its worldwide footprint. On April 22, 2026, the business formally disclosed this information to BSE Limited and the National Stock Exchange of India. This action demonstrates its increasing emphasis on global initiatives, particularly in developing energy markets. In order to carry out the Kenya Transmission Public Private Partnership project, Mwanga Transmission Company Limited was established as a Special Purpose Vehicle. This project is being created in partnership with Africa50, which provides funding for major infrastructure projects around the continent. The company's formation certificate was issued on April 21, 2026, and it was formally incorporated as a Private Limited business under Kenya's Companies Act, 2015.
POWERGRID Expands Global Presence with New Transmission Subsidiary in Kenya.
Based on a Project Agreement signed with Kenya Electricity Transmission Company Limited, the project is classified as a Public Private Partnership. The proposal, called the Kenya Independent Power Transmission Project, seeks to improve the nation's power transmission system by bringing in technical know-how and private funding.
Africa50 controls 60% of the new company's shares, with POWERGRID holding the other 40%. This arrangement demonstrates a well-balanced collaboration that blends strong technical skills in power transmission with local investment expertise.
To ensure openness for stakeholders and investors, the statement was issued in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. By joining this alliance, POWERGRID is not only growing its business outside of India but also helping East Africa build dependable and effective electricity infrastructure.
This result represents a significant turning point for the business as it continues to investigate worldwide prospects and promote the expansion of sustainable energy in foreign markets.
Add Comment