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Ministry seeks tax breaks to hold geothermal power below Sh9 a unit
Kenya Electricity Generating Company PLC (KenGen) Olkaria Geothermal well undergoing tests through discharging in preparations for electricity in this picture taken on February 21, 2025.
The ministry of Energy and Petroleum is seeking tax exemptions for drilling equipment and Power Purchase Agreements (PPAs) of more than 30 years to lower the price of geothermal power and ensure cheap electricity to millions of Kenya Power customers.
The proposals, the Ministry notes, are key to ensuring that the wholesale prices of geothermal power are not higher than $0.07 (Sh9) per kilowatt-hour (kWh), ultimately transferring the benefits to consumers.
