Kenya Power spends over 66% of its revenue on purchasing power
IPPs rake in 47% of power purchase costs despite supplying 28% of units to the electricity distributor
Gulf Power Ltd for instance, sold 18 million units at KSh 2.19 billion (KSh 121.56 per unit) whereas KenGen was paid KSh 5.48 per unit
Twenty-eight per cent of Kenya’s electricity is supplied by private power generating companies popular referred to as independent power producers (IPPs). Kasper Paardekooper is a director at KP&P Africa. Photo: Kasper Paardekooper. Source: UGC According to the Presidential Taskforce on Review of Power Purchase Agreements, 72% is supplied by state-owned Kenya Electricity Generating Company PLC ( KenGen).
However, whereas KenGen sold power to Kenya Power and Lighting Company (KPLC) at an average of KSh 5.48 per unit, the amount was double for IPPs on average in 2020.
Daily Nation reported Kenya Power spends over 66% of its revenue on purchasing power.
PAY ATTENTION: Install our latest app for Android, read best news on Kenya’s #1 news app IPPs rake in 47% of power purchase costs despite supplying fewer electricity units to Kenya Power. This has sparked outrage from Kenyans. List of IPPs selling electricity to Kenya Power and their owners
1. Lake Turkana Wind Power
According to data on its website , the Lake Turkana Wind Power is a consortium comprising KP&P Africa B.V and Anergi Turkana Investments Limited as co-developers, Investment Fund for developing countries, Vestas Eastern Africa Limited, Finnish Fund for Industrial Cooperation Ltd, KLP Norfund Investments AS and Sandpiper.
Kasper Paardekooper and René Hampsink are the directors of KP&P Africa which has 92 shareholders.
In 2020, LTWP sold 1.238 billion units to KPLC at KSh 12.2 billion (KSh 9.89 per unit). 2. OrPower 4 Inc Bloomberg reported that OrPower 4 Inc develops and operates renewable energy projects.The company is incorporated in the Cayman Islands, a British overseas territory.The firm is owned by Ormat Holding Corp (100%) whose founder is Yehudit (Dita) Bronicki, an Israeli national.Besides Kenya, it operates geothermal power plants Guadalupe, Guatemala, Honduras and the United States.In 2020, the Naivasha-based company sold 1.076 billion units to KPLC at KSh 12.4 billion. 3. Rabai Power Ltd – 252 million units at KSh 4.8 billion (KSh 19.12 per unit). It is a 90 MW power plant located in Kilifi county .Its main shareholders are Burmeister & Wain Scandinavian Contractor A/S (BWSC) […]
