KenGen ventures into solar power kits production

Kenya Electricity Generating Company (KenGen) will start manufacturing solar power kits as the firm seeks to diversify its revenues by tapping into the growing uptake of solar by homes and businesses.

Disclosures show that the Public Private Partnership (PPP) approved the concept note for the project last month, paving the way for the onboarding of advisors to guide KenGen in setting up the solar panel manufacturing plant that will later make inverters and battery storage for solar. KenGen aims to tap a transaction advisor for this project by September this year.