Corporate News
Kenyan firms win UN carbon funds
A wind farm. Lake Turkana Wind Power Limited hopes to supply close to 300 Mega Watts (MW) to the national grid through wind sources. Photo/FILE
Posted Friday, March 5 2010 at 00:00
The Energy Regulatory Commission (ERC) blames lack of investment in the sector as a major contributor to the current energy crisis despite widespread claims that poor weather was to blame.
Kenya relies heavily on hydro-generation which accounts for about 60 per cent of its power capacity.
The current generation mix comprises of 7,19MW hydro, 163 MW geothermal, and 407 MW thermal power--including 290 MW from emergency power producers
Reports however indicate that Kenya plans to launch an open-ended green energy fund in the coming financial year to cater for the generation of environmentally friendly energy.
“To address those challenges, we are turning to green energy. Kenya cannot depend on hydro because of our climatic hydrology conditions,” Geoffrey Mwau, economic secretary at the ministry of Finance, said in January.
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