| Financier | Commitments |
|---|---|
| IDA Guarantee | 200.00 |
KE Electricity Modernization Project
Abstract*
The project development objectives for the Electricity Modernization Project for Kenya are: (a) to increase access to electricity; (b) to improve reliability of electricity service; and (c) to strengthen KPLCs financial situation. The project is comprised of four components. The first component, improvement in service delivery and reliability, is made up of three subcomponents: i) upgrade of the supervisory control and data acquisition/energy management... Show More
Development Objective
The purpose of the Partial Credit Guarantee (PCG) is to serve as a credit enhancement tool to improve the risk profile of KPLC for commercial lenders and support KPLC obtain commercial loans for longer tenors at competitive interest rates. The PCG is currently envisioned to take the form of debt service payment support, first loss guarantee and/or principal repayment guarantee for the extended period of the tenor.The purpose of the Partial Credit Guarantee (PCG) is to serve as a credit enhancement tool to improve the risk profile of KPLC for commercial lenders and support KPLC obtain commercial loans for longer tenors at competitive interest rates. The PCG is currently envisioned to take the form of debt service payment support, first loss guarantee and/or principal repayment guarantee for the extended period of the tenor.
Key Details
Project Details
P145104
Closed
Laurencia Njagi , Teuta Kacaniku
N/A
March 31, 2015
(as of board presentation)
March 31, 2015
N/A
US$ 200.00 million
N/A
2015
US$ 0.00 million
N/A
December 19, 2024
June 30, 2023
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 200.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 2, 2019 | IDA-G2330 | Loan Cancel | 10,625,000.00 |
| Dec 2, 2019 | IDA-G2330 | Loan Cancel | 10,625,000.00 |
| Jun 16, 2016 | IDA-G2330 | Fee Charges | 11,624,974.00 |
| Jun 16, 2016 | IDA-G2330 | Int Charges | 11,624,974.00 |
| Jun 2, 2024 | IDA-G2330 | Loan Cancel | 15,625,000.00 |
| Mar 31, 2015 | IDA-G2330 | Loan Commitment | 200,000,000.00 |
| Jun 2, 2023 | IDA-G2330 | Loan Cancel | 10,625,000.00 |
| Dec 2, 2023 | IDA-G2330 | Loan Cancel | 15,625,000.00 |
| Dec 2, 2022 | IDA-G2330 | Loan Cancel | 10,625,000.00 |
| Jun 2, 2022 | IDA-G2330 | Loan Cancel | 10,625,000.00 |
| Dec 2, 2021 | IDA-G2330 | Loan Cancel | 10,625,000.00 |
| Jun 2, 2020 | IDA-G2330 | Loan Cancel | 10,625,000.00 |
| Dec 2, 2020 | IDA-G2330 | Loan Cancel | 10,625,000.00 |
| Jun 2, 2021 | IDA-G2330 | Loan Cancel | 10,625,000.00 |
| Dec 2, 2018 | IDA-G2330 | Loan Cancel | 10,625,000.00 |
Results Framework
No data available.