Business Standard
Wednesday, Jan 07, 2009
drived banner
drived banner
  Site Map | Feedback | Advanced Search | RSS | Blogs
ticker
Home > Economy & Policy Live Markets | Smart Portfolios 
  Search: Google

Kenya seeks $66.5 mn loan from India for rural electricity
Agence France-Presse / Nairobi November 21, 2008, 12:45 IST

Kenya has sought a loan of $66.5 million from India to boost power transmission in the country's remote areas, the prime minister said.     

 
 
News Now
Paper
Specials
- Sensex slumps 749pts on Satyam fiasco
- Holes exposed in independent directors' roles
- Mynampati forms new team to oversee operations
- Nasscom not to ban Satyam membership
- FII net sell at Rs 1,111cr, DII net sell at Rs 505cr
- Food prices remain steady despite truckers strike
More  

Kenyan Prime Minister Raila Odinga yesterday made the announcement after talks with Indian State of Gujarat Chief Minister Narendra Modi who is currently visiting the country.      

"Kenya has requested India for a concessional loan amounting to $ 66.5 million for power transmission lines," Odinga told reporters.     

In April during an India-Africa summit, New Delhi announced a $5.4 billion line credit to African nations for priority sectors, officials said.     

Kenya's electricity supply capacity is dangerously close to its limit at 1,080 megawatts when peak hour demand almo

  Read Business news in 
  Get Home Loan Counselling From HDFC - click here to know more.
  India's premier online business magazine
  Free E-book on The Future of Business Intelligence
Share this Story  
 
 
Discussion Board / User Comments
Display Name  
Post your commentMax limit:500 characters 
Most Popular
Read
E-Mailed
Commented
   
- Raju resigns from Satyam board
- ICAI moots strong punishment for Satyam CAs, auditors
- RIL gives in to US pressure, stops gasoline to Iran
- More lending rate cuts in Feb
- How Dish TV is striving to stay ahead
 
 
 More  

BS Poll
Cast Your Vote
 
   
 
Should a company focus on core competence over diversification?   Read the story
  Yes  No
Submit

   Hot Searches  
 
Mumbai Terror Attack |  CitiBank  |  Katrina |  Playstation 3  |  Reliance |  RBI |  Chidambaram |  Jet-Kingfisher |  Gold  |  India US Nuclear Deal |  Ratan Tata |  Singur |  Bailout plan |  ICICI |  Satyam  |  6th Pay Commission |  B-School |  Mukesh Ambani |   |  Chandrayaan |  DLF |  Ranbaxy |  Sensex | Tax calculator |  Anil Ambani |  Infosys  | Home Loan  | Bollywood | Subprime Crisis | Personal Finance |  inflation | oil prices | CitiBank  | Madoff | KV Kamath | Chanda Kochhar  
 
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com