Freeze on power purchase deals sparks fresh fears of rationing

Joseph Siror Kenya Power CEO presents the Kenya Power's Half Year Financial results announcement at Stima Plaza, Nairobi. Key Performance Highlights- 1. KSh.9.97 billion in net profit compared to KSh.319 million net profit during a similar period in the previous financial year. 2. 5% growth in electricity sales from 5,225 GWh to 5,506 GWh. 3. An additional 404 GWh of renewable energy was dispatched. 4. KSh.11.65 billion reduction in power purchase costs. 5. KSh.13 billion reduction in finance costs. Friday, 31 January 2025. [Jonah Onyango, Standard]

Kenya’s electricity demand is now threatening to outstrip available power-generating capacity in what could see the country’s sole power distributor resort to rationing. 

The growing demand is despite a near-empty pipeline of power-generating projects that are expected to come on board in the coming years and increase supply following the 2018 freeze in the signing of power purchase agreements between Kenya Power and Independent Power Producers.

Support Bold Journalism — Subscribe to The Standard & Hold Power Accountable
Get Trusted News for Only Ksh99 a Week

Subscribe Today & Save!

  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
Already a subscriber? Log in