Energy Cabinet Secretary, Monica Juma, and key stakeholders from the power sector held a series of extensive talks with an aim of lowering the cost of electricity.
The CS, who represented the government in the renegotiation of power purchase agreements, affirmed that they were also seeking to create more employment opportunities to uplift the economy.
More than 77 independent power producers contracted by Kenya Power attended the meeting, which Monica stated would create a win-win situation for both Kenyans and contractors.Energy CS Monica Juma holds talks with African Ambassadors and High Commissioners, in Nairobi on March 23, 2022.Monica Juma
"The Kenya Association of Manufacturers (KAM) has indicated that they are saving ten per cent that will be channelled to the pockets of Kenyans," CS Juma stated.
In a bid to regulate the amount of electricity consumption from the Independent Power Producers, the Ministry moved the system control equipment that relays Kenya Power to Kenya Electricity Transmission Company (KETRACO).
This, according to CS Juma, has allowed more power to be sourced from other alternatives such as KenGen.
She affirmed that the Ministry will address the leadership gap in Kenya Power to curb commercial losses and enhance the profitability aspect in the current financial year.
"Outages have reduced significantly as seen by the audited reports of both Kenya Power and KenGen. This provides a positive trajectory in terms of performance so the transformation journey is on," Juma noted.
The changes would see Kenya's stake in the global market improve immensely as well as impact the country's growth.
KenGen is responsible for the generation of electricity, while KETRACO steps up the generated electricity and transmits it to various substations, where Kenya Power acts as the supplier and last-mile connector.
The Ministry of Energy recently effected a 15 per cent reduction in electricity cost as promised by President Uhuru Kenyatta in December 2021. The reduction was expected to boost livelihoods and economic growth by reducing the cost of living.An undated image of Kenya Power technicians making repairsKenya Power Twitter
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