The Managing Director of the Kenya Electricity Transmission Company (KETRACO), John Mativo, today hosted Amb. Mary Mugwanja, the Group Director in charge of Government Banking at Equity Bank, for a key discussion focused on investment opportunities in the country’s power transmission infrastructure.
The meeting, held at KETRACO’s headquarters, centered around areas of mutual interest, particularly the potential for financial collaboration to enhance the power transmission network in Kenya. Both parties explored ways in which Equity Bank could play a pivotal role in financing critical transmission infrastructure to support the nation’s energy sector.
“This collaboration highlights the essential role that financial institutions like Equity Bank play in the development of energy infrastructure, which is critical for economic growth and providing reliable electricity supply across the country,” said Mativo.
The discussions emphasized how improved power transmission could not only enhance energy access but also contribute significantly to Kenya’s long-term economic stability and growth. Both KETRACO and Equity Bank are keen to explore innovative solutions and partnerships that will help expand and modernize the transmission network.
Amb. Mary Mugwanja reiterated the importance of partnerships between financial institutions and energy sector players, noting that a strong power infrastructure is vital for the country’s development. "Equity Bank is committed to supporting initiatives that foster sustainable economic growth, and our collaboration with KETRACO aligns with our broader vision of contributing to national development through strategic investments," she said.
The collaboration between KETRACO and Equity Bank is expected to bolster efforts to ensure a stable and efficient electricity supply, which is fundamental to the overall growth of Kenya’s economy. With the increasing demand for power and the push towards more sustainable energy solutions, strengthening the transmission network is essential to meet future energy needs.
This partnership serves as a key example of how the private and public sectors can work together to drive infrastructure development, promote investment, and enhance service delivery in Kenya'spower sector.
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