Experts push for local currency negotiated power purchase plans

Experts have called on the government to pursue more power purchasing agreements (PPAs) that are denominated in local currency in a bid to lower the cost of electricity.

Speaking at the Sustainable Energy Conference in Naivasha, the experts reckon that this will shield the country against the forex fluctuations because the majority of the PPAs are dollar-denominated and this is passed on to the consumers through costly power.