Corporate News
State to extend Aggreko contract due to poor rains
Aggreko is currently generating 287 megawatts of thermal power or one fifth of the country’s total power consumption under contract. Power prices are likely to remain high in the near future. Photo/FILE
By ZEDDY SAMBU
(email the author)
Posted Friday, March 12 2010 at 00:00
Posted Friday, March 12 2010 at 00:00
The treasury, however, says thermal power is highly subsidised.
Emergency generation
“The most recent emergency generation capacity requires a subsidy of Sh5 billion for supplying 140 MW for 9 months, in addition to exemptions from Valued-Added Tax and other duties,” said Joseph Kinyua, the Treasury Permanent secretary.
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