Kenya Power board chair Vivienne Yeda. She said Kplc was aware of the unsustainability of the terms and conditions of the existing PPA agreements saying that Kenyans are punished by the ever increasing cost of electricity including energy from their own natural resources; geothermal, and the wind and sun. FILE PHOTO | NMG The company management said the board has agreed to start on a clean slate with the development of standards, specifications and procurement frameworks that will ensure the company gets the highest quality goods and services.
Speaking during the virtual AGM, the Kenya Power chairperson Vivienne Yeda said it was imperative to have an intensive review of the terms of existing PPAs, with a view, not only to reviewing the terms but also to putting together a structure for KPLC entering into future PPAs that would ensure the financial sustainability of KPLC and by extension, support Kenya’s economic development.
In September this year, Kenya’s President Uhuru Kenyatta ordered the cancellation of all ongoing and incomplete power purchase agreements being negotiated.
Kenya Power and Lighting Company (Kplc) on Friday held its 100 th Annual General Meeting, during when the company promised to start renegotiating with Independent Power Producers (IPPs) on a sustainable engagement of Power Purchase Agreements (PPAs).
The company management said the board has agreed to start on a clean slate with the development of standards, specifications and procurement frameworks that will ensure the company gets the highest quality goods and services.
Speaking during the virtual AGM, the chairperson Vivienne Yeda said it was imperative to have an intensive review of the terms of existing PPAs, with a view, not only to reviewing the terms but also to putting together a structure for Kplc entering into future PPAs that would ensure the financial sustainability of Kplc and by extension, support Kenya’s economic development.
Ms Yeda said the recent recommendations on the report by the Presidential Taskforce on PPAs is currently being implemented since KPLC was already burdened by the current cost of power purchased from IPPs and the challenge the cost posed to the economy when passed on to consumers.
“KPLC’s future was imperiled both by the terms of existing PPAs with IPPs hence it was imperative to have an intensive review of the terms of existing PPAs, with a view, not only to reviewing these terms, but also to putting together a structure for Kplc entering into future PPAs that […]
