Good News: Kenya connects 1 million people to the grid
About one million Kenyans will be connected to the national grid in the present fiscal year, starting July 2014. Kenya Power added 443,000 new customers to its grid in the last fiscal year. Most of its new customers are the rural dwellers. The needed infrastructure is already in place.
70% by 2020
Before 2017, the power firm plans to add 5,000 megawatts of power generation capacity to the existing 1,664 MW. CEO Ben Chumo said the company’s expansion is in line with the government’s ambition of achieving 70 percent electricity penetration in the next six years.
The company made agreements with several financial institutions. In the last year, it has sourced capital through a debt mix from the European Union, the World Bank and the French Development Agency.
Inadequate power supply has forced many businesses in Kenya to rely on independent power sources to run their businesses, propelling a surge in operating costs and a subsequent hike in goods prices and living standards. Business in Kenya is expected to push power demand up to 15,000 MW by 2030.
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