POWERGRID signed Joint Development Agreement with Africa50

January 16, 2022
Current Context: The Power Grid Corporation of India Limited (POWERGRID) signed a joint development agreement with Africa50.
POWERGRID signed Joint Development Agreement with Africa50
  • The Africa50 is a pan-African infrastructure investment platform.
  • They have partnered to develop Africa’s first Public-Private Partnership (PPP) mode transmission project in Kenya. The project is named as ‘Kenya Transmission Project’.
  • They will jointly work in development, construction, finance, and operation domains for the project.
  • The ‘Kenya Transmission Project’ will supply reliable power to Western Kenya.
  • This will also pave way for an increase in private sector investments into the expansion of Africa’s power transmission networks.
  • The POWERFGRID will contribute to providing technical and operational support for the project.
  • And Africa50 will provide development and finance support for the project.
  • Static Part: 
    • HQ of POWERGRID: Gurgaon, Haryana

Question: 

Q.1 Which organization signed a joint development agreement with Africa50 to develop Africa’s ‘Kenya Transmission Project’?
a. NTPC Limited
b. POWERGRID
c. Tata Power
d. Reliance Power Limited

About Me

Ramandeep Singh

Ramandeep Singh

Educator & Banking Expert

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

14+
Years Experience
5000+
Selections
Ex-BoB
Banker