IPPs to disclose beneficial owners before contracts in new proposal

DNAZIMIO1806A

Nairobi Senator Edwin Sifuna addressing journalists on June 18, 2023. FILE PHOTO | EVANS HABIL | NMG

Independent Power Producers (IPPs) seeking to sign purchase deals with the government will be forced to disclose their beneficial owners before inking contracts if MPs approve a Bill currently before the House.

The Energy (Amendment) Bill, 2023 sponsored by Nairobi Senator Edwin Sifuna seeks to improve transparency and curb sleaze in the multi-billion shilling power purchase deals between Kenya Power and IPPs.

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