Ngumi task force has work cut out
Friday April 02 2021
By JAINDI KISERO
Let’s start by looking at the composition of the recently appointed power purchase renegotiations task force.
The appointment of John Ngumi as chairman sends the signal that the task force is coming with political will from the very top.
Let’s start by looking at the composition of the recently appointed power purchase renegotiations task force.
The appointment of John Ngumi as chairman sends the signal that the task force is coming with political will from the very top. Yes, he has solid credentials as an investment banker with top- drawer banks.
THE STANDARD
BUSINESS NEWS
Kenya power staff work on power line in Nairobi. (File, Standard)
The government is in yet another attempt to review the contracts that power producers have signed with Kenya Power as it tries to tame the high cost of electricity.
The Energy ministry yesterday set up a team that will review all the existing Power Purchase Agreements (PPAs) that the power utility firm KPLC signed with independent power producers.
One of the key tasks for the committee is to talk to power producers and renegotiate the PPAs.
The PPAs contain details on how much the generators are paid by Kenya Power for the electricity sold to the firm.
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