Last Updated 13 years ago by Kenya Engineer
Players in the energy sector expressed discontentment with the current power tariffs set in the country. Foreign investors present during a public Q/A session in the launch of the 5000+MW project yesterday cited concern in regard to the tariffs but the CS for Energy, Hon. Davis Chirchir assured them that the Government is looking into the issue.
One Ngengi Muigai, an investor in energy also echoed concern saying that investors are scared of investing in the sector owing to the long time taken in processing documents.
The president however assured the investors that the government would create industrial zones in the vicinity of power plants. The investors would then be provided with power at concessionary rates in these zones.
“My Government will take deliberate steps to encourage investments through the country and create demand for uptake of power”, promised the president in his speech read out by Cabinet Secretary for Industrialization.
Ngengi also urged the government to protect them from the public who at times are out to fleece their money.
The main challenge facing the electricity supply sector as indicated by MoE is inadequate generation capacity arising from insufficient investment in power generation. The country’s dependence on hydro energy which equates to 50 per cent of the existing capacity is also cited as a drawback to the energy sector.
Noting the profitable aspect of the energy sector, the president urged the private sector investors to take up the challenge to develop the bulk 5000MW capacity.
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