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Kenya stuck with costly electricity pacts with firms - 7 months ago, 16 Aug 00:09

Macharia Kamau

Kenya may have dug itself into a hole, with little wiggle room out of costly power purchase agreements with independent power producers (IPPs), a report has said.

A task force constituted in December 2016 to review the contracts of IPPs with Kenya Power, especially those operating thermal plants, has said they were partly to blame for the high cost of power in the country. 

The task force was expected to give recommendations on modifying or terminating the agreements that were heavily skewed in favour of the firms in an attempt to reduce the cost of power for consumers.

The task force yesterday said it would be too costly to terminate some of the contracts and recommended that the Energy Ministry leave the contracts to lapse.

Some of the contracts extend to beyond the year 2030, which would mean that Kenyans will continue paying capacity charges for the thermal plants as well ...
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