IPPs push for renewal after expiry of 20-year contracts

Kenya Power workers carry out repair works along Haile Selassie Road, Mombasa. FILE PHOTO | KEVIN ODIT | NMG

Independent Power Producers (IPPs) are lobbying to extend their electricity purchase agreements after the expiry of deals with Kenya Power, promising to sell at cheaper rates.

Through their lobby, they told lawmakers the government will get lower electricity purchase rates because the plants will have fully recovered the financing costs and margins within the initial agreements of 20 years.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.