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World Bank resists push to end Kenya Power monopoly
Energy and Petroleum Cabinet Secretary Opiyo Wandayi addresses journalists during a press briefing at the Epra offices in Nairobi on September 6, 2024.
The World Bank has warned the Kenyan government against its push to end Kenya Power’s monopoly in the sale of electricity to homes and businesses, saying exposing the utility to competition will trigger a surge in electricity prices.
The Bretton Woods institution reckons that allowing other firms to sell power also risks crippling the Nairobi bourse-listed utility due to long-term wholesale electricity agreements it has inked with generators like KenGen, Lake Turkana Wind and OrPower4.
