Sessional Paper No. 03 of 1971 on Kenya Government Guarantee of a Loan to the Tana River Development Company Limited by the International Bank for Reconstruction and Development, and of Certain Obligations of the East African Power and Lighting Company Limited to the IBRD

Abstract

This Sessional paper is a proposed guarantee by the Government of the obligations of the Tana River Development Company Limited in respect of a loan of US $23,000,000 the equivalent of approximately K£8,214,286 by the International Bank for Reconstruction and Development to be used for the development of new generating capacity at Kamburu on the Tana River, and of the obligations of the East African Power and Lighting Company Limited under a joint financing agrement with the IBRD relating to this project. The present power generation capacity in Kenya amounts to approximately 158 MW of which 63 MW are installed in three hydro electric stations on the Tana River. In addition to its own generating capacity Kenya also imports a 30 MW bulk supply from Uganda. It is estimated that maximum power demand which stood at 125 MW in 1970 will continue to grow in the next 15 years at an annual rate approaching 12 per cent. To help meet such growth in power demand until 1986, two additional hydro electric generating stations with a capacity totalling 140 MW are contemplated on the Tana River...