Site icon MONEYINAFRICA

Government to expedite KPLC overhaul – Matiang’i

Government to expedite KPLC overhaul - Matiang'i

•The taskforce chaired by John Ngumi presented its report to the President on Wednesday. In the report, the taskforce proposed an overhaul of the KPLC to be supervised by the Cabinet and are view of the Power Purchase Agreements (PPAs) between KPLC and private firms.

•Matiang’i said the Government will implement the proposed reforms by taskforce on KPLC. Interior CS Fred Matiang’i The overhaul of the Kenya Power and Lighting Company that is intended to lower the cost of electricity in the country will begin immediately, Interior CS Fred Matiang’i has said.

The CS said the Government will implement the proposed reforms on KPLC by a task force appointed by the President in March this year.

The taskforce chaired by John Ngumi presented its report to the President on Wednesday. In the report, the taskforce proposed an overhaul of the KPLC to be supervised by the Cabinet and are view of the Power Purchase Agreements (PPAs) between KPLC and private firms.

"The Government will expand the recommendations of the taskforce to undertake a wider review and overhaul of the entire energy sector," Matiang’i said.

"In the coming weeks, we will launch an aggressive program to address the challenges in the energy sector. We are certain that the prices of fuel will not only come down but even the bills and the costs of electricity we are paying will come down."

He said the high cost of power was affecting the county’s competitiveness in attracting local and foreign investments and also frustrating businesses’ profitability.

He spoke on Sunday in Isinya, Kajiado county during a fund drive for the construction of the Seventh day Adventist church South Nairobi-Kajiado branch headquarters.

The taskforce on KPLC blamed the high cost of electricity in the country on contracts that unfairly benefited independent power producers at the expense of KPLC and consumers and recommended the review of all such contracts within four months. MORE:

Stay in the Know!

Sign up for the latest news and information on African Companies and Economy.

By signing up, you agree to receive MoneyInAfrica offers, promotions and other commercial messages. You may unsubscribe at any time.
Exit mobile version