Nairobi, Jan. 31 -- The African Development Bank (AfDB) wants Kenya and Tanzania to speed up the signing of three key agreements to pave the way for the exchange of excess electricity between the two countries via a Sh43 billion ($309.26 million) line.

The three are a wheeling agreement between Tanzania Electric Supply Company (Tanesco) and Kenya Electricity Transmission Company Limited, a power exchange deal between Kenya Power and Tanesco and a tripartite deal for the maintenance of the interconnected grid.

The two neighbours were last month expected to complete the 507.5-kilometre line that runs from the Isinya substation to Arusha through Namanga. The line will have an intended transfer capacity of 2,000 megawatts.

Read: Kenya, Tan...