Kenya has backed down on a push to change power purchase agreements (PPAs) from being denominated in foreign currency to the shilling, departing from one of the major proposals of the John Ngumi-led taskforce.
Energy Cabinet Secretary, Davis Chirchir, says departure from the PPA taskforce’s recommendation is based on a study that has been conducted recently by the energy sector stakeholders, which has revealed that going this route does not present a feasible option for the country’s energy sector.
