Sunday, October 24, 2021

Kenya Power ordered to suspend contracts with producers

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The government has on Thursday ordered Kenya Power to immediately suspend ongoing and negotiations with power producers.

The move by the government has been described by the Interior CS Dr. Fred Matiang’i as efforts to reduce the cost.

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“Government has ordered Kenya Power to immediately suspend ongoing and pending negotiations with independent power producers. Interior KE CS Dr. Fred Matiangi said review of existing agreements will be prioritized in a drive to lower cost of electricity in the country.” Said Interior Ministry

Speaking at the meeting involving Kenya Power’s board and senior managers, CS Dr. Fred Matiang’i noted that a separate meeting will be convened by the State agency to discuss the demand and supply of electricity as well as pricing.

“The CS who addressed Kenya Power board & senior managers & Energy Min K directors further said a meeting of state agencies in the energy sector will be convened urgently to review the County‚Äôs demand & supply needs & pricing policies aimed at bringing down fuel & electricity costs.” Said Interior Ministry

The news comes at a time when Kenyans are battling the increase of petroleum products in the country at a time when Kenyans are still recovering from the effects of the pandemic.

Pressure is on Parliament and executive at large to find lasting solution that will not spiral out of control and affect other commodities in the market.

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