Nairobi, Jan. 28 -- The United Kingdom will guarantee up to $59 million of the loan Kenya is set to receive from the African Development Bank (AfDB) to improve transmission lines to boost the country's energy security.

The guarantee means that the UK will now shoulder part of the risks associated with the $119 million project, allowing the continental lender to extend extra funding for the development, covering the climate mitigation-related costs.

The transmission network improvement project, which will be executed by the Kenya Electricity Transmission Company (Ketraco), was approved by AfDB last year, and will benefit from a joint loan from the Abidjan-based lender and the Korean Exim Bank (EDCF).

Read: AfDB loans Kenya $110m to boos...