Kenya set to introduce auctioning for investments in energy projects

Projects will be predetermined by the government based on their relevance and then awarded to investors through auction.

The new policy is different from the current system where investors come up with project proposals, sign Power Purchase Agreements (PPAs) with the national energy firm, Kenya Power, and then implement the project.

The proposed policy is an indication that Kenya wants to focus on developing renewable energy, the East African reports. And the provision of clean renewable energy in the law opens up new opportunities, especially for private-sector players, Vice Chairman for the Energy Board of the Kenya Private Sector Association, George Aluru, said.

Full article: Ventures Africa



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