Sessional Paper No 04 of 1976 on Government Guarantee of Moneys lent to Tana River Development Company Limited to Finance the Construction of Gitaru Hydro-Electric Scheme on the Tana River

Abstract

The Government proposes to guarantee a loan of $ 2,000,000 Sterling ( Equivalent to Approximately 1,600.000 Kenya Pounds) to be made to Tana River Development Company by the commonwealth Development corporation of the United Kingdom. the loan is to be used as part of the financing of the Gitaru Hydo-Electric scheme on the Tana River the construction of which is in progress under contracts led by the Tana River Development Company Limited, a Kenya incorporated company Wholly owned by the Government.