311

NAIROBI, Kenya — Kenya has signed a $311 million agreement with pan-African infrastructure fund Africa50 and PowerGrid Corporation of India to design, finance, build and operate two high-voltage electricity transmission lines under a public-private partnership, the finance ministry said Monday. The deal marks one of the East African nation’s largest power-grid concessions to date and is intended to ease chronic constraints on the network as demand grows. The project company will manage the full life cycle of the assets —…