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IPPs with opaque ownership locked out Kenya Power sales deals
Kenya has for the past three years stepped up efforts to lower the cost of electricity, mainly by lowering wholesale prices at which IPPs sell electricity to Kenya Power.
Independent Power Producers (IPPs) that do not fully disclose details on their beneficial owners will be locked from signing electricity sale deals with Kenya Power from next year, in a move meant to arrest conflict of interest.
The National Assembly Departmental Committee on Energy has recommended MPs to adopt this directive, to align PPAs deal with the legal requirements on ownership disclosures besides ending graft.
