Kenya Power tender


Tender
Issue 331 - 04 Oct 2016 | 1 minute read

The World Bank Group is seeking a consulting firm to support Kenya Power in developing a five-year investment and financing strategy. The utility is 50.1% owned by the government, with the remainder of its shares traded on the Nairobi Stock Exchange. A rapid increase in its customer base to more than 5m customers in 2016 has affected its financial position. According to the tender notice, to avoid any erosion of its financial position, Kenya Power needs to have a system in place that will allow for long-term financing planning and optimisation of funding resources.

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