POWERGRID, Africa50 Sign Kenya Transmission PPP Pact

23 Dec 2025 CW Team

Power Grid Corporation of India Limited has signed a public–private partnership project agreement with Africa50 to develop critical power transmission infrastructure in Kenya, marking a major milestone in the country’s energy sector.

The agreement was signed in the presence of senior POWERGRID officials, including Chairman and Managing Director Dr R K Tyagi, Director (Personnel) Dr Yatindra Dwivedi and Chief Operating Officer (International Business) Sanjay Kumar Gupta, along with key representatives of the Kenyan government. These included officials from the State Department for Energy, the National Treasury and the Public Private Partnerships Directorate.

The project represents Africa’s first Independent Transmission Project and is also POWERGRID’s first project-financed international transmission venture on the continent. The proposed transmission lines and associated substations are aimed at strengthening Kenya’s national grid, improving system reliability and enabling efficient evacuation of power from renewable energy-rich regions to major demand centres.

Structured under a PPP framework, the initiative reflects growing confidence in private sector participation in Africa’s power transmission sector. Africa50 brings regional expertise and financial structuring capabilities to the partnership, while POWERGRID contributes its technical, operational and project management experience in executing large-scale transmission projects.

With operations spanning more than 25 countries across Asia, Africa and Europe, POWERGRID has built a strong track record in delivering transmission solutions in diverse and challenging environments. The collaboration with Africa50 further underscores POWERGRID’s expanding role as a trusted global partner in power transmission infrastructure development.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..